Buyers contact A.J. BAT Export to make grain purchases. Farmers also have the opportunity to make offers for sale on A.J. BAT Export via DTN or the Internet. Actual exports and unshipped sales varied considerably by class and for all wheat. Durum did not have any actual exports to date last year but as of mid-June did have 1.2 million bushels so far this year. Sales were lagging for most classes and for all wheat.
Corn is the commodity that appears to be shining.
Only 63 million had been exported prior to that during the current marketing year. Domestically, the greatest uncertainty on the demand side may be the quality of the winter wheat crop harvested and hence, how much will be fed. The ratings for spring wheat, corn, soybeans and barley remained relatively high. It seems Argentinean wheat farmers are planting longer season wheat varieties to improve yield performance. With such sharp declines in world wheat prices most industry watchers were anticipating lower acreage planted in Argentina.