The wheat complex is experiencing losses across all markets, with Chicago SRW futures down 2 to 3 cents, KC HRW futures decreasing by 7 to 8 cents, and MPLS spring wheat down 3 to 4 cents. As of the latest trading session, July 26 CBOT Wheat closed at $6.20 1/2, down 2 cents.
Crude oil prices have risen by 27 cents amid reports of a US/Iran ceasefire extension. The USDA is set to release Export Sales data on Friday due to the Monday holiday, with analysts predicting old crop wheat sales between 0 to 250,000 MT and new crop sales between 100,000 to 300,000 MT.
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