The Hightower Report said, “A Russian production increase started the weakness Friday morning, and the China trade concerns piled on as Chicago wheat closed in new contract lows. Furthermore, open interest rose nearly 15,000 contracts on the drop, indication new sellers were not afraid to press the market at new lows. Wheat seems to have no friends at the moment as global supplies remain large and U.S. ending stocks burdensome.” Matthew Lucas at Total Farm Marketing said, “Private analysts expect that if the October WASDE report had been released, USDA would have raised Argentina, Russia, and Canada’s wheat production estimates.”