date:Nov 22, 2012
36 per cent last week and 50 per cent last year. This was below market expectations and the 3rd straight week of declines.
US wheat exports remain very sluggish but Japan is seeking 134,000 tonnes of feed wheat for January through February shipment. Japan also reported that corn usage in animal feed fell for the 9th straight month as buyers continue to use more wheat in rations.
Wheat usage was pegged at 4.4 per cent in September vs. 4.3 per cent in August and against year ago levels of 1.5