Weekly Export Sales

Soybean export sales for the 2016/17 marketing year totaled 2,008.5 thousand metric tons (TMT), up 42% from the prior week and 30% more than the prior 4-week average. New crop sales totaled 300 metric tons, lifting combined sales to 2,008.5 TMT, which was up 41.7% week over week. Export sales exceeded analyst expectations that ranged from 750 to 1,400 TMT. 2016/17 export commitments are 58% of the USDA forecast with 46 weeks to go. Current sales…