“Prices ranged from $.01-$.06 lower across the 3 classes at midday. Spreads were steady to firmer. The Dec-25 contracts for both KC and MIAX held withing yesterday’s range. Spring wheat harvest advanced 19% to 72% complete vs. 67% YA and the 5-year average of 71%. Tunisia has reported bought 125k mt of optional origin wheat in five 25k ton consignments. Sale details are currently unavailable; however, the lowest offer is believed to be just under $256/ton C&F. Germany’s winter wheat production is expected to rise 26% in 2025 to 22.45 mmt, with all wheat production up 15% to 44.73 mmt. Russian wheat FOB offers remain in the $230-$232 mt range. Russian shipments in July/Aug at only 6.1 mmt are sharply below the 9.9 mmt YA,” pointed out Mark Soderberg with ADM Investor Services.