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For Q1 + Q2 / 2019 ADM sees 38 million tons of wheat as export potential for the USA

ADM McGuigan's leading distributor believes that the US will handle most of the international wheat business in the second half of the 2018/19 marketing year. Russia had a brilliant start to its export season and now not so much to offer.
But for the US exporters, the holding costs, which are favored by the specifications of the CBoT agricultural futures, are problematic.
There is an export potential of 38 million tons of wheat from the USA. That's 10 million tons more than the USDA recently estimated. The question is whether these large export volumes can also be handled by logistics.

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