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“Wheat finished lower across all three classes led by the KC market,” Bryant Sanderson, with CHS Hedging, said. “Nice rains over the weekend in portions of the Southern plains and the forecast is calling more rains for a good portion of HRW areas. The market is expecting the US ending stocks for this Thursday’s WASDE report at 647 mln bushels vs. 648 mln expected.”
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“In today’s planting progress report, published after the close, spring wheat is 53% planted compared to 63% last year and a five-year average…
“Prices turned lower, unable to hold early strength. CGO July-26 was down $.03 ½ at $6.75 1/2., KC July-26 was $.06 ½ lower at $7.24 ¾, while…
“All three wheat classes are trading higher this morning as wheat seems to have a correlation with moves in crude oil, although weather is a l…
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