Wheat export sales continue a good early-year start.

The old crop year ended on May 31. 667,173 tonnes were sold in this 6/14 - 6/20 week. The trade estimate was 200,000 - 600,000.

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 are +4% vs. average. To meet USDA's goal we only need to run -14% vs. average through next May. Today's sale was +59% vs. average. It is quite early in the year to take a strong stance on exports but so far, we are ahead.