The October USDA WASDE report saw a lower revision in the forecast for U.S. wheat exports in response to the agency's recent lower revision in U.S. wheat production.
This month's estimate of 21.092 million metric tons of U.S. wheat exported would be the smallest U.S. volume exported since 1971-72, according to USDA FAS tables, although by a narrow margin. In 2015-16, exports were reported at 21.168 mmt.