769K of corn with Mexico at 509K, Colombia at 197K, and Japan at 97K. Corn pace at 23.5 percent of the USDA estimate versus a 31.7 percent five year average, still trailing by 8.2 points five weeks into the marketing year. Soybeans came in at 549K, down sharply from last week's million plus, with China at 383K and Mexico at 140K. Bean pace at 50.4 versus 41.1, running 9.3 points ahead. Wheat at 452K with the Philippines at 112K and South Korea at 100K.
Corn picked up week over week, 769K versus 536K prior, but the pace gap widened from 7.4 points behind to 8.2. The needed weekly run rate to hit the USDA estimate keeps climbing. Beans gave back most of last week's headline number but the cumulative pace barely moved, 50.4 versus 49.2, still comfortably ahead of the five year average. Wheat improved to 451K from 289K and the pace tightened slightly to 5.6 points behind at 47.9 versus 53.5.
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