Weekly Export Sales

Soybean export sales for the 2017/18 marketing year were 2,015.8 TMT, up 114% from last week and 98% more than the prior 4-week average.  Sales for the 2018/19 crop year totaled 70.4 TMT, lifting combined season sales to 2,086.2 TMT, which exceeded analyst estimates that ranged from 900 to 1,650 TMT.  Combined sales were up 121% week over week.  2017/18 export commitments are 59% of the USDA forecast with 39 weeks to go and need to…