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John Heinberg at Total Farm Marketing said, “Wheat futures closed lower across all three classes, led by double-digit losses in Kansas City contracts. The downturn was largely driven by forecasts for beneficial rains in the U.S. Southern and Southwestern Plains. Additional pressure came from profit-taking after Friday’s rally and futures encountering technical resistance.” The Hightower Report said, “Russia has planted 20 million of their expected 84 million acres of winter wheat this season and conditions are reportedly good in 93% of the crop areas.” Aaron Huebner at CHS Hedging said, “Spring wheat plantings are seen at 7% planted which is in-line with the 5-year average of 7% planted at this time.”





