International Wheat Market Report 10th Aug 2017

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Wheat futures settled Wednesday trade with most contracts 2 to 4 cents in the green. Export sales, ahead of tomorrow’s report, are expected to range 250,000-450,000 MT for the 17/18 marketing year, with last week’s sales running just 145,549 MT. All wheat production is expected to be neatly 43 mbu lower to 1.717 bbu, with most of that drop coming from lower spring wheat production.

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