Wheat 💠259,039 MT
Corn and soybean sales each missed their respective pre-report range for week ended April 13, though weekly wheat sales of 259,000 MT were 1 MT short of topping the pre-report range.
Export commitments are 32.8% behind a year-ago compared to 32.3% behind last week. USDA projects exports in 2022-23 at 1.850 billion bu., 25.1% below the previous marketing year.
Exports of 582,800 MT were down 15 percent from the previous week and 20 percent from the prior 4-week average. The destinations were primarily to China (296,700 MT), the Netherlands (128,300 MT), Mexico (74,700 MT), Canada (28,100 MT), and Indonesia (21,800 MT)
Eports of 202,800 MT were down 28 percent from the previous week and 29 percent from the prior 4-week average. The destinations were primarily to Mexico (59,000 MT), Thailand (56,600 MT), Panama (27,300 MT), Nigeria (26,400 MT), and Colombia (13,300 MT)
Export commitments are running 3.8% behind a year-ago, compared to 5.0% behind last week. USDA projects exports in 2022-23 at775 million bu., down 3.1%from the previous marketing year.