Weekly Export Sales

Soybean export sales for the 2017/18 marketing year were 2,338.1 TMT and 81% more than the prior 4-week average.  There were no sales recorded for the 2018/19 new crop year, leaving combined season sales at 2,338.1 TMT, which exceeded analyst expectations that ranged from 1,000 to 1,600 TMT.  2017/18 export commitments are 32% of the USDA forecast with 50 week to go. Current sales are 21% behind last year’s pace. Major purchases were…