
Wheat export sales were somewhat disappointing coming in at 300 thousand tons, but keep in mind due to USDA lowering our wheat export estimates the last 3 months we only need 289 thousand tons to reach USDA forecast.
We believe that the USDA target will be reached and if we start to see better exports, due to lack of supplies out of the Black Sea region, it’s possible that USDA may have to raise its export forecast in future crop reports.