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“Wheat is trading lower this morning along with the rest of the grain complex,” Total Farm Marketing said. “September Chicago wheat is down 2-1/4 cents to $6.17-1/2, KC is down 2-3/4 cents to $6.51-1/2, and Minn wheat is down 1-1/2 cents to $6.37-1/2. Today’s WASDE report expects 26/27 wheat ending stocks to fall by 26 mln bu. to 718 mln bu. The U.S. all wheat production number is expected to be lower, and world ending stocks are forecast to be lower for wheat as well by 2.3 mmt.”
