Wheat futures were 1 to 2 cents lower in most KC and MPLS front months, as CBT was down 6 to 7 cents. All wheat export inspections for the week that ended on 2/1 were 428,557 MT. That is down 26.32% from the previous week and lags the same week last year by 37.46%. This morning’s Stats Canada report showed all wheat stocks at 23.555 MMT on December 31. That was below most expectations and a 2.2% drop from a year ago. Of that total, durum wheat stocks were at 4.825 MMT, down 21.4% from last year.
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