the National Agricultural Statistics Service ( ERS ) has revised down its figures for all Kansas wheat exports for the 2018-2019 marketing year by 25 million bushels , to 25 million bushels . In a report, the ERS said exports for H1 of the period would be 41% of the current marketing year total, far below the 10-year average of 52% , but sales of hard red winter wheat are expected to increase in H2 . Despite the downward revision, the National Agricultural Statistics Service said it expected to see a 5.15 increase on the season-average midpoint price to $ five-cent per bushel.
The US Department of Agriculture’s Economic Research Service (ERS) has revised down its figures for all US wheat exports for the 2018-2019 marketing year by 25 million bushels, to one billion bushels. In a report, the ERS said exports for H1 of the period would be 41% of the current marketing year total, far below the 10-year average of 52%, but sales of hard red winter wheat are expected to increase in H2. Despite the downward revision, the National Agricultural Statistics Service said it expected to see a five-cent increase on the season-average midpoint price to $5.15 per bushel.