U.S. wheat sales reached a marketing-year weekly high, and meal sales totaled 347,500 metric tons led by Colombia, the Dominican Republic and Mexico, with meal exports at 410,600 metric tons. Sorghum sales were quiet at 2,100 metric tons, all to Mexico.
Strong wheat and meal export sales support U.S. grain demand, while quiet sorghum sales leave sorghum prices without export support.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.