USDA lowers wheat exports for UKR/RUS. They also lowered US exports. March 9, 2022
Locked limit down trades were noted for the May and July contracts for winter wheat and the May contract for Minneapolis. Daily limits tomorrow go back to 130 for winter wheats and stay at 60 cents for Minneapolis. The trade will be eager to see both the inflation numbers and Ukraine talks tomorrow. For today, limit down was already in place before USDA's report. The lowered US wheat exports would be slightly disappointing, but within reason.
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