Best wheat sale for this week since 1997.

805,318 tonnes were sold in this 6/21 - 6/27 week. The trade estimate was 350,000 - 700,000. For this specific week it was the best sale since 1997.

USDA’s 775 million bushel new crop export goal, for the year that started June 1, is -6% from the five year average sale. Year to date sales are +12% vs. average. To meet USDA's goal we only need to run -13% vs. average through next May. Today's sale was +12% vs. average. It is quite early in the year to take a strong stance on exports but so far, we are ahead.