Weekly Export Sales

Soybean export sales for the 2016/17 marketing year rebounded from last week’s marketing year low, jumping from 45 TMT to 453.2 TMT.  Sales were 83% more than the prior 4-week average of 247.9 TMT. New crop sales were up 41%, lifting combined season sales to 1,352.6 TMT. Combined crop year sales were up 98% from last week and exceeded analyst expectations that ranged from 400 to 850 TMT.  2016/17 export commitments are 105% of the USDA…