The USDA reports combined old and new crop corn, soybean, and wheat export sales for the week ending May 10th were within most pre-report expectations. Physical shipments of sorghum were above what’s needed weekly to meet USDA projections for the 2017/18 marketing year. The current marketing year runs through May for wheat, August for beans, corn, and sorghum, and September for soybean products.
Wheat came out at 63,100 tons (2.3 million bushels), up 79% from the week ending May 3rd, but down 50% from the four-week average.
Continue reading Export sales generally within pre-report estimates at Brownfield Ag News.
