Wheat: Weekly Export Sales

Wheat export sales came in at 30 tmt, virtually nothing but it is the end of the marketing year and new crop sales were 373 tmt, more respectable. At this point in a marketing year, its more important what is shipped versus sold because new sales won’t ship this marketing year anyway. Bottom line, old crop exports for wheat are running very close to USDA’s target and we don’t expect any adjustments for old crop wheat in the June crop report.