International Wheat Market Report 20th April 2017

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Wheat futures ended the day lower in most contracts. Most contracts on all three exchanges were down 2 to 5 cents. Export sales for tomorrow are expected to be 300,000 to 950,000 MT for total wheat sales. Stats Canada is expected to show smaller 2017 Canadian wheat planting intentions on Friday. Reuter’s shows analysts estimates are in the range of 21.4 to 23 million acres, with an average guess of 22.4 million acres, which would be down 3.5% from last year.

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