Weekly Export Sales

Soybean export sales for the 2016/17 marketing year rose 3% to 427.7 TMT but were 31% less than the prior 4-week average. There were no new crop sales, leaving combined season sales of 427.7 TMT. Combined sales were 36% less than last week’s sales and were within analyst expectations that ranged from 200 to 750 TMT. 2016/17 export commitments are 94% of the USDA forecast with 27 weeks to go. Current sales are 24% more than last year’s pace. Major…