Wheat 💠 151 KMT
|Corn hit a 4-week low but is still near its weekly average.|
Export commitments are 33.0% behind a year-ago compared to 34.0% behind last week. USDA projects exports in 2022-23 at 1.850 billion bu., 25.1% below the previous marketing year.
Soybeans were up considerably from last week, and 36%higher than the 4-week average. Soymeal beat expectations by 130,000 MT. Export commitments are running 10.0% behind a year-ago, versus behind 8.4% last week. USDA projects exports in 2022-23 at 2.015 billion bu., down 6.6% from the previous marketing year.
Wheat was up from previous week but still lagging behind previous 4-week average by nearly 40%. Export commitments are running 5.1% behind a year-ago, compared to 5.4% behind last week. USDA projects exports in 2022-23 at 775 million bu., down 3.1% from the previous marketing year.
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