Wheat futures saw 2 to 4 cent losses in most contracts on the day. All wheat weekly export sales are expected to be tallied at 200,000-400,000 MT for old crop, with new crop seen at 50,000-250,000 MT during the week of 3/22. Last week’s report showed old crop sales at 265,208 MT and new crop at 163,383 MT. That report will be out tomorrow morning. Thursday’s quarterly Grain Stocks report is expected to show 1.498 billion bushels in old crop wheat stocks on March 1.
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