International Wheat Market Report 5th October 2017

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Wheat futures were down 4 to 6 cents in most CBT and KC contracts, as MPLS was steady to 2 1/2 cents lower. Tomorrow’s Export Sales report is expected to show all wheat export sales for 2017/18 in a range of 300,000-500,000 MT for the week of September 28. Last week’s report indicated sales of 435,599 MT, up sharply from the previous week. Russia’s Ag ministry is estimating the country’s wheat production for 2017 at 80 MMT.

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