The USDA reports corn, wheat, and soybean product export sales for the week ending October 12th were above most pre-report estimates, while soybean sales were generally below expectations.
Wheat came out at 615,400 tons (22.6 million bushels), up sharply from the week ending October 5th and 75% higher than the four week average. Mexico purchased 180,000 tons and China bought 120,000 tons, while Turkey canceled on 50,000 tons. At this point in the 2017/18 marketing year, wheat sales are 543.9 million bushels, compared to 566.7 million in 2016/17.
Continue reading Wheat, corn exports top estimates at Brownfield Ag News.
Copyright © 2024 Indiana Farm Bureau®, Inc. is a member of the American Farm Bureau Federation®, a national organization of farmers and ranchers including Farm Bureau® organizations in 49 other states and Puerto Rico, and is responsible for Farm Bureau membership and programs within the State of Indiana.