The USDA reports wheat export sales for the week ending January 4th were a new marketing year low, the second consecutive week a new low has been established. Physical shipments of wheat, corn, and soybeans remain behind what’s needed to meet USDA projections for the 2017/18 marketing year.
Wheat came out at 71,500 tons (2.6 million bushels), down 45% from the week ending December 28th and 86% lower than the four week average.
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