Wheat futures are trading stead to 20 cents lower. The Sept 13 - TopicsExpress

Wheat futures are trading stead to 20 cents lower. The Sept 13 KCBT contract is posting sharp declines on its last day of trade and is testing the lows made back in mid July at $6.85 The Sept 13 CBOT and MGEX contracts will also go of the board after the close, with the Dec 13 contracts then becomi ng the front month. EU YTD export wheat sales are now at 5.4 MMT, which is sharply higher from the 2.9 MMT sold last year by this date. US wheat export sales also remain impressive, currently sitting at 16.4 MMT which is up 4.5 MMT YTD from June 1.

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