Wheat exports have stabilized above the needed pace.

Wheat export sales posted a good 504,112 tonnes in sales for last week's activity. The trade estimate was 250,000 - 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 +1% vs. the average. To meet USDA's goal remaining sales can run -13% vs. the average through next May. This week was positive at +7%. Six of the past eight weeks have run above the needed pace.

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