International Wheat Market Report 21st November 2017

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Wheat futures saw losses of 5 to 10 cents in most contracts today, as MPLS was the weakest. All wheat exports during the week ending November 16 fell to 259,264 MT. That is a drop of 15.94% from the previous week and 40.27% lower than the same week in 2016. Russia’s SovEcon estimates that wheat exports during November will total 3.4-3.5 MMT. Monday afternoon’s Crop Progress report indicated the winter wheat crop was 88% emerged as of Sunday.

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