“Prices ranged from $.05-$.10 higher across the 3 classes. Sept-25 MIAX futures established a key reversal day. Tunisia reportedly purchased 75k mt of soft wheat at an average price of just over $262.50/mt CF. A Korean feed mill reportedly bought 65k mt of U.S. feed wheat just below $263/mt CF. Expana raised their EU 25/26 soft wheat production forecast 2.1 mmt to 132.8 mmt. Exports at 27 mil. bu. were above expectations. YTD commitments at 378 mil. bu. are the highest in 5 years and up 21% from YA, vs. the USDA forecast of up 3%. YTD by class sales vs. the USDA forecast are HRW up 96% vs. USDA up 26%, SRW up 15% vs. USDA up 3%, HRS down 4% in line with USDA, and white down 17% vs. down 14%,” pointed out Mark Soderberg with ADM Investor Services.
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