Looming World-Record Supplies Pressure Wheat

U.S. Wheat futures were pressured late Wednesday. Chicago and Kansas City Wheat futures both closed lower, well off the day's highs. Exports and weather in the U.S., along with overseas European political issues, will likely be in focus into early 2015. USDA Weekly Export Sales data will be released on Monday, December 29. CBOT Grains open Friday at 9:30 a.m. ET.