Weekly Export Sales

Soybean export sales for the 2016/17 marketing year rebounded, rising 181% to 312.4 TMT and were 2% more than the prior 4-week average of 305.2 TMT. New crop sales totaled 112.1 TMT, up noticeably week over week, lifting combined season sales to 424.5 TMT. Combined crop year sales were up 269% from last week but below analyst expectations that ranged from 450 to 1,100 TMT. 2016/17 export commitments are 106% of the USDA forecast with 10 weeks to…