International Wheat Market Report 10th November 2017

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Wheat futures finished the Thursday session 1-2 1/4 cents higher in most nearby KC and CBT contracts, as back months were lower. MPLS was steady to 4 1/2 cents higher. The Export Sales report, released this morning, showed sales well above expectations at 781,739 MT. That was a jump of 124.8% over last week, but just 1.6% larger than a year ago. Iraq was the lead buyer, purchasing 450,000 MT. The main WASDE adjustment on Thursday came in the form of a larger US export projection, 25 mbu higher at 1 bbu.

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