“WU ended near 5.92 in mostly range bound trade and increase in open interest. KWU ended near 5.33. MWU ended near 5.91. USDA estimates World 25/26 wheat crop at 808 mmt vs 800 the previous year. U.S. crop is estimated at 52 mmt vs 53 the previous year. China crop is 142 mmt vs 140 ly. EU crop is 137 mt vs 122 ly. Russia crop is 83.5 mmt vs 81.6 ly. USDA estimates World 25/26 wheat end stocks at 261 mmt vs 263 in 24/25. China end stocks are 124 mmt. WU is back above the 20 day moving average. Open interest continue to increase. Volume has increased over the last few trading days. Wheat futures remain in a carry and near the higher end of trading range,” noted Steve Freed with ADM Investor Services.