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Another good week for wheat export sales

The USDA says wheat export sales for the week ending November 1st topped most pre-report estimates, the third week in a row with generally larger than expected sales. Physical shipments of corn remain ahead of the USDA’s anticipated pace for the 2018/19 marketing year.

Wheat came out at 661,200 tons (24.3 million bushels), up 14% from the week ending October 25th and 47% higher than the four-week average. The Philippines purchased 306,100 tons and Indonesia bought 130,000 tons, but unknown destinations canceled on 270,600 tons.

Continue reading Another good week for wheat export sales at Brownfield Ag News.