Wheat shipments have met the year's goal. New crop books are not bad.

USDA reported 41,073 tonnes for last week’s wheat export sales activity. The trade estimate was -100,000 to +100,000.

USDA’s 710 million bushel export goal, for the year that started June 1, is -20% from the five year average sale. Year to date shipments are -16% from average and total 627. To hit this goal, with US wheat donations, we need shipments of 629. We have about shipped our needed goal. One complication with wheat exports at the end of the year is the unknown of donations. Each year's amount varies.

New crop bookings, for the year that starts June 1, are actually not back. This is the fourth best booking for this time in 10 years.

‍