November 11, 2016
Wheat futures opened slightly lower today on light volume and very little new news in the market place.
Egypt tendered last night and at this time we are awaiting results. Offers were light. Japan purchased
another chunk of western white this week for late December early January shipment. Besides that, we
are only seeing routine business for white wheat. River closure getting closer (Dec 12th). We expect bids
to remain flat for the start of closure and unless we see some change in demand I don’t expect any
major price swings.