Weekly Export Sales

Soybean export sales for the 2016/17 marketing year jumped 80% to 409.6 TMT and were 61% more than the prior 4-week average of 254.3 TMT. New crop sales totaled 1.52 million metric tons, up dramatically week over week and lifting combined season sales to 1.932 MMT. Combined crop year sales were up 183% from last week but were within analyst expectations that ranged from 150 to 2,200 TMT. 2016/17 export commitments are 106% of the USDA forecast…