New crop wheat sales start out on a solid footing.

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 6/13 are even with the average. To meet USDA's goal we only need to run -12% vs. average through next May. It is quite early in the year to take a strong stance on exports but so far, we are ahead.