Wheat’s 2017/18 marketing year has ended with the commodity failing to reach USDA forecasts, kicking off a new marketing year as of June 1. But corn and soybeans don’t kick off the 2018/19 marketing year until September 1 – and both crops have very good chances to meet the agency’s current expectations.

Soybean export shipments last week totaled 43.4 million bushels, landing 16% higher than the prior week but 10% below the four-week average. Indonesia was the No. 1 destination, with 5.1 million bushels, followed by Mexico, China, Pakistan and Portugal.

Embattled sorghum saw no net sales reported last week. Meager export shipments of around 189,000 bushels managed to land 7% higher than the prior week, but were 88% below the four-week average.

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