USDA Exports Sales; Wheat Futures Lower

The USDA reported today that weekly export sales wheat for the current marketing year for the period ending October 27th totaled 234,900 tonnes. Sales were down 64 percent from the previous week and down 54 percent from the four week average. December Chicago Wheat is trading at 415 1/2, down 2 1/4 of a cent/bushel. March Chicago Wheat is trading at 432 1/4, down 2 1/4 cents/bushel. December Kansas City Wheat is trading at 413 3/4 , down 1 3/4 cents/bushel.