"USDA Report: Wheat Shipments Rise, but Lag Behind Last Year's Pace"


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In the Export Inspections report by the USDA, wheat shipments for the week ending on February 22 totaled 481,999 metric tons, showing an increase from the previous week's 420,000 metric tons but a decrease of 171.3 thousand metric tons compared to the same week last year. Notably, shipments of Hard Red Spring (HRS) wheat accounted for the majority with 224.5 thousand metric tons, followed by Soft Red Winter (SRW) at 139.4 thousand metric tons. The USDA also included 38,000 metric tons of Hard Red Winter (HRW) shipments that were reported late, bringing the season total to 12.6 million metric tons through February 22, still lagging 2.7 million metric tons behind last year's pace.

In terms of weekly wheat export sales, they stood at 233,500 metric tons for the week ending February 15, falling below the estimated range and marking a 34% decline from the previous week. Of this total, 98.5 thousand metric tons were attributed to HRW, reaching a five-week high for this class. Additionally, the report indicated 46.6 thousand metric tons of new crop wheat sales for the week.