USDA Supply Demand Report Estimates; Wheat

The USDA World Agricultural Supply and Demand Estimates Report (WASDE) is scheduled for release at 12:00 p.m. ET. The street estimates for U.S. wheat ending stocks are near 1.175 billion bushels versus 1.86 billion bushels a month ago. Global ending wheat stocks are estimated to be near 253.2 million tonnes versus 253.3 million tonnes last month.