Second worst wheat export sale for this week.

Wheat export sales this past week were only 246,327 tonnes. This was the second lowest sale in history for this specific week. The trade estimate was 300,000 - 650,000.

USDA’s 825 million bushel new crop export goal, for the year that started June 1, is -2% from the five year average sale. Year to date sales are +1% vs. average. To meet USDA's goal remaining sales can fall to -1% vs. average through next May. This week's disappointing activity was -35% from average. While we suggest US sales should exceed USDA's goal, they are not so far.

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