“Prices closed slightly lower across the 3 classes in 2-sided trade. CGO Dec-26 was down $.03 ¼ at $6.83 ¼, Dec-26 KC was $.02 ¼ lower at $7.36 ¼, while Dec-26 MIAX is off $.04 ¼ at $7.06. SovEcon lowered their Russian production forecast nearly 1% to 87.5 mmt, vs. the USDA est. of 88 mmt. Lithuania is looking to prohibit the transport of Russian grain through their country to Baltic Sea ports. Open interest rose 2.7k contracts in CGO while up 2.4k in KC. The Reuters poll shows traders expect 2026/27 US wheat stocks to rise only 4 mil. bu. to 721 mil. vs. our estimate of 735 mil. as I look for the USDA to start lowering exports. Export sales at 17 mil. bu. were a 4-month high. YTD commitments are down 32% from YA vs. the USDA forecast of down 15%. Sales represent 48% of the USDA forecast, vs. the historical average of 56%. U.S. winter wheat areas in drought dropped 4% to 53% while spring wheat in drought fell 9% to 39%," stated Mark Soderberg with ADM Investor Services.