US Wheat Export Sales Weak – 01/24/2022

Published by David Tedrow on

US wheat export sales totaled less than 17 million metric tons (tonnes) in mid January 2022, the second lowest total in the last 30 years. In large part scarce sales reflect the limited quantity of US wheat  available for export this season (2021/2022 crop year). Also the large quantity of wheat available from the Southern Hemisphere has limited US wheat export commitments. Weak export sales appear to have put a price top in the old crop wheat market.

Categories: Grains

Related Posts

Grains

US Wheat stocks to Increase but world stocks to Drop

US wheat usage is projected to increase this season owing to improved export demand and price levels that have encouraged wheat as feed and boosted food usage modestly. The US wheat carryout to crop year Read more…

Grains

Strong Export Sales led USDA to Cut US Corn Carryout Stocks

USDA reduced the US 2024/2025. corn carryout stocks projection this month reflecting strong export sales this autumn. So far the sales leap has been accomplished without the participation of China. Significant sales to China would Read more…

Grains

US Wheat Outlook

Chicago wheat futures prices have been under pressure this autumn due to the outlook for an increase in old crop US wheat carryout stocks.  USDA expects a modest decrease in world wheat stocks during the Read more…