“Prices were steady to $.03 lower today, failing to build on yesterday’s key reversal trade in KC futures. Support rests at yesterday’s contract lows across all 3 classes. Dec-25 MIAX futures have held support at its contract low at $5.50 the previous 3 sessions with today’s low ¼ cent above it. A group of S. Korean flour mills bought 50k mt of US wheat in a snap tender.  France’s AgriMer left their 25/26 wheat export forecast outside of the EU steady at 7.85 mmt, however raised their forecast for exports within the EU 4.5% to 7.04 mmt. Russian announced they have resumed exports to Indonesia this month after a 9 month pause. Indonesia renewed quarantine certificates in August to allow the shipment of 52k mt this month. Russia sold 1.3 mmt of wheat to Indonesia in 2024, vs. only 123k tons earlier this year. Still lacking a spark to ignite a meaningful short covering rally,” noted Mark Soderberg with ADM Investor Services.