By admin       2018-06-18

US export sales proved surprisingly strong at current elevated price levels. Total net sales against 2017/18 were higher Vs the previous sales period by approximately 43K while shipments were off, but still extremely strong, at around 505K running bales. Total sales against 2018/19 were significantly higher at nearly 260K running bales; sales against 2018/19 currently stand at a running total of more than 5M 480lb bales. The recent slowing of new crop sales may be as much attributable to merchant’s unwillingness to over commit to mills as it has been higher prices.

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