Shaky US wheat export sales rebound.

Wheat export sales this past week were 474,875 tonnes. The trade estimate was 300,000 - 550,000.

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 +3% vs. average. To meet USDA's goal remaining sales can fall to -2% vs. average through next May. This week's was positive at +16% vs. average. While we suggest US sales should exceed USDA's goal, it must be noted they have been unreliable.

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