HIGHLIGHTSStop Sign: CBOT wheat fell today on talk of China canceling purchases of wheat exports from multiple destinations - which traders took as evidence of export market weakness going forward. "China's cancellations of wheat contracts are continuing, and could now affect several origins in addition to U.S. wheat," said AgriTel in a note. Today's export sales report from the USDA showed limp wheat sales for the week, although they were not as low as expected by analysts surveyed by The Wall Street Journal. Within Forecasts: U.S. grain exports reported by the USDA landed within the expectations of analysts surveyed by The Wall Street Journal. Corn sales fell on the high end of forecasts, which were within the range of 800,000 tons to 1.4 million tons.

Source: Wall Street Journal March 14, 2024 19:32 UTC