USDA Export Sales; Wheat Futures Lower

The USDA reported today that wheat export sales for the week ending January 12th totaled 242,500 tonnes. Sales were down 38 percent from previous week and down 33 percent the four week average There were 60,500 tonnes sold for 2018. March Chicago Wheat is trading at 423, down 1/2 of a cent/bushel. May Chicago Wheat is trading at 438 1/2, down 3/4 of a cent/bushel. March Kansas City Wheat is trading at 439 1/2, down 2 3/4 cents/bushel.