Weekly Export Sales

Soybean export sales for the 2016/17 marketing year dipped 26% to 303.4 TMT and were 8% less than the prior 4-week average of 328.9 TMT. New crop sales fell 65%, but remained high at 531.8 TMT, lifting combined season sales to 835.2 MMT. Combined crop year sales were down 57% from last week but were within analyst expectations that ranged from 900 to 900 TMT. 2016/17 export commitments are 106% of the USDA forecast with 6 weeks to go. Current…