Weekly Export Sales

Soybean export sales for the 2016/17 marketing year totaled 2,514.1 thousand metric tons (TMT), up 23% from last week and 31% more than the prior 4-week average. New crop sales totaled 60 TMT, lifting combined season sales to 2,574.1 TMT, which was up 26% week over week. Export sales exceeded analyst expectations that ranged from 1,300 to 1,800 TMT. 2016/17 export commitments are 66% of the USDA forecast with 44 weeks to go. Current sales are 34%…