International Wheat Market Report 06th December 2017

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Wheat futures finished the day with most contracts 3 to 5 3/4 cents lower, as the US dollar was nearly 275 points higher at the wheat close. Japan is seeking 64,495 MT of US wheat in their weekly tender that is looking to purchase 154,694 MT in Australian, Canadian, and US wheat. That tender will close on Thursday. Russia’s IKAR is estimating the country to export 35.3 MMT of wheat in 2017/18, 1.3 MMT higher than their previous estimate.

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