Keegan Madigan at Total Farm Marketing said, “Wheat is trading near unchanged to start the day with December Chicago wheat near 534, December KC wheat near 523 and December Spring wheat near 575.” The Hightower Report said, “The rally has defied the bearish global fundamentals and in fact LSEG further raised their Russian wheat crop estimate to 84.7 million tons overnight, up 1.5% from their previous forecast on better yields in the Stavropol region and also increased their Australian production estimate by 4.2% to 33.7 million tons.” Keegan Madigan at Total Farm Marketing said, “A Federal Reserve rate cut is expected in today’s meeting. If realized a cut could provide pressure to the U.S. dollar which has already been trending downward.”