“Prices were $.04-$.08 lower across the 3 classes today. Wheat was being pressured by comments from Russia they intend to expand their grain exports into Asia, ie lower offers. Fresh 2-month low for Sept-25 CGO and MIEX futures. New contract low for Sept-25 KC. Winter harvest is wrapping up across the South Plains. Late season dryness likely to trim white winter production in the PNW. The RGE lowered their Argentine production forecast 700k mt to 20 mmt,” noted Mark Soderberg with ADM Investor Services.
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