The Idaho Water Resource Board has already blown away its record for managed recharge into the Eastern Snake Plain Aquifer and there’s still a month to go in the recharge season.
Wheat futures are up 6 cents this morning. The weekly Export Sales report showed all old crop sales for the week were short of expectations at 120,000 MT. That was 10% larger than last week but 71% behind this time last year. Mexico was the largest buyer of 54,000 MT, as Indonesia showed net reductions totaling a combined 61,000 MT yesterday. New crop sales were reported at 67,000 MT. Shipments of all wheat were tallied at 436,000 MT, 1.9% larger than the week before but down 31% from a year ago. Japan purchased 68,000 MT of US wheat in their weekly deal that saw a total of 128,000 MT bought from Australia, Canada, and the US.