Wheat prices are slightly lower, with CBT soft red wheat futures down 5 to 6 cents and KC HRW futures 1 to 4 cents lower. MPLS spring wheat closed 7 to 8 cents in the red. Export sales data expected today, aiming for 300,000 to 650,000 MT. USDA’s WASDE report on Friday with minimal changes anticipated.
Russia’s wheat forecast raised by 1.1 MMT to 87.2 MMT. CBOT wheat prices closed at $4.95 for Sep 25, down 5 3/4 cents. KCBT wheat closed at $4.85 3/4 for Sep 25, down 1 3/4 cents. MGEX wheat closed at $5.48 1/4 for Sep 25, down 7 3/4 cents.
Read more at Yahoo Finance: Wheat Weakness Continues on Thursday Morning
