Wheat futures were 1 to 5 cents in the green in most CBT and MPLS contracts today. KC was fractionally to a penny lower in most contracts. The USDA put wheat old crop export sales for the week of 3/1 at 391,476 MT, within the range of expectations. That was well above last week and similar to the same week last year. New crop sales were shown at 36,898 MT. US ending stocks for 17/18 wheat were tallied at 1.034 mbu by the USDA this morning. That 25 mbu addition was due to a reduction in exports. World ending stocks were pegged at 268.89 MMT, a 2.79 MMT jump from the February report. The US and India were the main culprits.

Mar 18 CBOT Wheat closed at $4.94 3/4, up 1 3/4 cents,

Mar 18 KCBT Wheat closed at $5.19 3/4, down 1 1/4 cents,

Mar 18 MGEX Wheat closed at $6.21 3/4, up 1 3/4 cents

Market Commentary provided by:

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