Amanda Brill at Total Farm Marketing said, “All three wheat classes are trading slightly lower this morning as wheat remains the punching bag for bearish fund money. Wheat is oversold, at support, and funds will soon likely begin short covering their 100,000 contract plus short position.” Austin Schroeder at Barchart.com said, “Russia’s wheat crop is estimated to total 84.53 MMT this growing season, according to IKAR, which was up 0.7 MMT from the previous estimate.” The Buenos Aires Grain Exchange says heavy rains have improved soil moisture conditions but also led to some wheat planting delays.