date:Dec 03, 2012
ort sales report that came in below market expectations.
Net weekly export sales came in at 279,300 tonnes for the current marketing year and no sales were reported for the next marketing year.
As of November 22nd, cumulative wheat sales stand at 54 per cent of the USDA forecast for the current marketing year vs. a 5 year average of 68 per cent. Sales of 506,000 tonnes are needed each week to reach the USDA forecast.
The US missed out on the 50,000 tonne Algerian tender today and it's bein