Wheat futures were mostly 2 – 5 cents higher in the KC and CBT contracts today, as MPLS was mixed with Dec 1/2 cent lower. Export commitments of all wheat actually gained ground last week by 0.3% but are still 4.6% below last year, as sales were much improved. The USDA lowered estimated ending stocks for both HRW and HRS, as HRW saw increased export and HRS had higher domestic use. Russia’s production was increased 1 MMT to 83 MMT on Thursday.
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