Wheat 4 to 8 Cents Lower as Dollar Firms

The wheat complex starts Wednesday 4 to 8 cents lower. The US dollar index hit multi-month highs. CBT wheat futures closed yesterday 2 3/4 to 6 1/4 cents in the red and were also the weakest overnight. HRW wheat closed 4 3/4 cents to 6 1/4 cents weaker. Minneapolis wheat futures ended the session 1 3/4 to two cents weaker. Egypt’s GASC purchased 480k MT of wheat from their international tender - mostly from France. Total wheat shipments from EU to non EU members reached 14.99 MMT for the MY through Jan. Ukraine’s Economic Ministry reported 74% of Ukraine’s MY wheat export quota (of 17.5 MMT) has been filled through Feb 1.   

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