Evaluating Corn and Soybean Consumption Projections
date:Feb 13, 2013
than exported last year. Exports during the first 23 weeks of the year (adjusted by Census Bureau estimates through December) totaled 1.05 billion bushels, an average of 45.9 million per week. Shipments during the remainder of the year need to average only 10.1 million per week to reach the USDA projection. Only about 50 million bushels of new sales are needed to reach total sales of 1.345 billion bushels, although some existing sales may be cancelled or rolled into the 2013-14 marketing year.
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