The USDA says U.S. wheat export sales hit a marketing year high during the week ending December 7th, driven by demand from China. That sales total of 1.5 million tons comes at the halfway point in the marketing year, which has been relatively disappointing, with U.S. wheat exports limited by the relative strength in the dollar and Russia’s dominance of the global market. Corn, soybean meal, beef, and pork export sales were also up on the week, while soybeans, soybean oil, rice, and cotton were down.
