Wheat export shipments still struggle.

USDA reported 271,130 tonnes for last week’s wheat export sales. The trade estimate was 250,000 – 500,000. USDA’s 725 million bushel export goal, for the year that started June 1, is -19% from the five year average sale. Year to date sales are -14% from average. To hit USDA's goal we only need to sell -83% vs. average through May. This week was -16% from average. The general 32 week trend, highly variable, has averaged even. Based on sales we are ahead of USDA's goal.

But the shipment story remains a concern. Year to date shipments are -23%. Needed shipments through May need to improve to +26% from average. This week was -24%. Allendale is -10 million bushels vs. USDA for Friday's WASDE report.

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