Wheat futures were lower on Wednesday on profit taking after strong gains in the previous two sessions. Most CBT contracts were 4-5 cents lower, with KC down 2-3 and MPLS 7-8 cents in the red. All wheat export sales for old crop in Thursday’s Export Sales report are seen at 300,000-500,000 MT. Reuters shows 0-100,000 MT expected for new crop sales. Last week’s sales of 427,239 MT were an improvement of the previous week.
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