Good start for US new crop wheat export sales.

The old crop year ended on May 31.

USDA’s 775 million bushel new crop export goal, for the year that started June 1, is -9% from the five year average sale. Year to date sales as of 6/6 are -6% from average. It is quite early in the year to take a strong stance on exports. Based on the belief we have a larger US crop but falling non-US total supply, we look for general support for US exports.

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