Wheat export sales remain near the average.

Wheat export sales came to 411,424 tonnes in sales for last week's activity. The trade estimate was 300,000 - 600,000.

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 +2% vs. the average. To meet USDA's goal remaining sales can run -15% vs. the average through next May. This week was -14%. The prior four weeks were -20%. We expect sales to moderately improve into winter/early spring and to eventually surpass USDA's current view.

‍