Private exporters reported to USDA export sales of 100,000 metric tons (MT) of hard red winter wheat for delivery to Iraq during the 2012-13 marketing year. The marketing year for wheat began June 1.
USDA issues both daily and weekly export sales reports to the public. Exporters are required to report to USDA any export sales activity of 100,000 metric tons or more of one commodity, made in one day to one destination, by 3 p.m. Eastern time on the next business day following the sale. Export sales of less than these quantities must be reported to USDA on a weekly basis.
Juli says: Fresh demand news is a plus, but more focus is being placed on a return to hot and dry conditions in the Southern Plains.