Soybean export sales for the 2016/17 marketing year fell 38% to 228 TMT and were 19% less than the prior 4-week average of 282.3 TMT. New crop sales totaled 455 TMT, up dramatically week over week and lifting combined season sales to 683 TMT. Combined crop year sales were up 56% from last week and exceeded analyst expectations that ranged from 250 to 600 TMT. 2016/17 export commitments are 105% of the USDA forecast with 8 weeks to go. Current sales are 16% ahead of last year’s pace. Major purchases were reported for the Netherlands, Egypt, and Indonesia.

Soybean meal sales for the 2016/17 marketing season were 3.7 TMT, a marketing year low, down 92% week over week, and 97% less than the prior 4-week average. New crop sales totaled 137 TMT, lifting total sales to 140.7 TMT. Combined season sales were up 75% week over week but and within analyst expectations that ranged from 25 to 250 TMT. Accumulated export commitments for the 2016/17 marketing year are 93% of forecast with 12 weeks to go. Major purchases were made by the Philippines, Canada, and Mexico.

Soybean oil 2016/17 export sales of 16,200 metric tons were up 145% from last week and 3% more than the prior 4-week average. There were no new crop sales, leaving total sales at 16.2 TMT. Total sales were within analyst expectations that ranged from 10 to 20 TMT. Old crop commitments are 92% of forecast and 9% less than last year’s commitments over the same period. Major purchases were made by Mexico, South Korea, and the Dominican Republic.

Weekly corn export sales for the 2016/17 marketing season of 161.2 TMT was up 15% from last week but 59% less than the prior 4-week average of 396.5 TMT. New crop sales totaled 279.7 TMT. Total sales of 440.7 TMT were up 105% week over week and within analyst expectations that ranged from 350 to 700 TMT. Increases were reported for Mexico, Japan, and Spain. 2016/17 export commitments are 99% of the USDA forecast. Export sales exceed last year’s pace by 16%.

Wheat export sales for the 2017/18 marketing year totaled 357,700 metric tons, down 5% from last week and 20% less than the prior 4-week average. There were no new crop sales, leaving total sales at 357.7 TMT. Combined sales were down 5% from last week and within analyst expectations that ranged from 300 to 500 TMT. Export commitments are 33% of the USDA forecast with 47 weeks to go. Export sales are currently on par with last year’s commitments. Major purchases were made by the Philippines, Japan, and Malaysia.