Wheat Markets 2 to 9 Cents Lower

Starting the Thursday session wheat futures are 2 to 9 cents lower, with Minneapolis firmer than the others. Yesterday wheat markets were lower from spillover corn weakness and rain forecasts in HRW country. SRW country will also get wetter from the remnants of Hurricane Zeta. CBT SRW was down 7 to 9 cents on the board Wednesday, HRW prices were down 5 3/4 to 6 1/4 cents, and Spring wheat closed 8 to 9 1/2 cents lower. Analysts are projecting USDA’s Export Sales report will show 200k to 700k MT of wheat sales last week. South Korea purchased 105,800 MT of wheat yesterday, including 77.900 MT U.S. origin and the remaining 27.9k from Canada.

--- provided by Brugler Marketing & Management




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