Wheat

Wheat futures are currently 1 to 2 cents lower after since showing 5 to 9 cent losses in most contracts on Wednesday. Minneapolis spring wheat is a little closer to UNCH than the others. Analysts are expecting world ending stocks at 265.63 MMT in Thursday’s March WASDE, down a slight 0.47 MMT. The USDA Export Sales report will also be released on Thursday at 7:30 AM CST, with trade estimates running 200,000-500,000 MT for old crop. Last week’s report showed sales of just 191,122 MT. New crop estimates are at 0-100,000 MT.




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