And, despite lower export projection, USDA’s National Agricultural Statistics Service reported an expected 5-cent increase in the U.S. season-average midpoint price, reaching $5.15 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 pounds . 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 trend , the National Agricultural Statistics Service said it expected to see a five - cent increase on the season - long wheat price to $ 5.15 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 pounds . 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 trend , the National Agricultural Statistics Service said it expected to see a five - cent increase on the season - long wheat price to $ 5.15 per bushel .