Weekly Export Sales

Soybean export sales for the 2016/17 marketing year totaled 2,045.4 thousand metric tons (TMT), up 2% from the prior week and 12% more than the prior 4-week average. There were no new crop sales, leaving combined season sales at 2,045.4 TMT, which was up 1.8% week over week. Export sales were within analyst expectations that ranged from 1,500 to 3,000 TMT. 2016/17 export commitments are 61% of the USDA forecast with 45 weeks to go. Current sales…