The USDA reports combined old and new crop corn export sales for the week ending May 4th were below pre-report expectations, while soybeans and wheat were generally within analysts’ estimates. Physical shipments of soybeans were slightly more than what’s needed to meet USDA projections for the 2016/17 marketing year, but corn and wheat fell short of their respective marks. The 2016/17 marketing year runs through May 2017 for wheat, August for corn, soybeans, and sorghum, and September for soybean products.
Continue reading Weekly corn, wheat exports hit marketing year lows at Brownfield Ag News.
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