“Prices ranged from $.04-$.07 lower across the 3 classes. Spreads are mixed. All 3 classes violated support at their June lows. This week’s updated drought monitor show drought conditions ease for corn and soybean acres, while turning higher for spring and winter wheat. Export sales at 9 mil. bu. were below expectations. YTD commitments at 242 mil. bu. are up 8% from YA, vs. the USDA forecast of up 1%. Commitments represent 29% of the USDA forecast, above the historical average of 27%. Global wheat buyers backed away from U.S. as prices spiked earlier this month. IKAR raised their Russian wheat production forecast 700k mt to 84.5 mmt, just above both the USDA and SovEcon who are at 83 mmt. The IGC raised their global wheat production forecast for 25/26 2 mmt to 808 mmt, consistent with the USDA at 808.6. The European Commission increased their soft wheat production forecast 1.6 mmt to 128.2 mmt while holding their export forecast unchanged at 29.8 mmt. The BAGE reports Argentine plantings advanced 12% LW to 73% complete," noted Mark Soderberg with ADM Investor Services.