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Happy Thanksgiving, may your day be filled with family, friends and fabulous food brought to you by our nation's hard working farm families. Wednesday continued with higher wheat prices due in part from poor wheat conditions around the world.
U.S. dollar down on the day Friday which helped to strengthen the grain markets.
Wheat futures traded both sides of the unchanged Friday despite the weaker action in the corn market.
The wheat market trade higher for most of the session Wednesday but heavy midday selling in the corn market left wheat vulnerable to spillover pressure which ultimately pushed KC and Chicago into the red.
Wheat futures were on the defensive throughout the day Monday and extended losses into the close to finish in the teens to 20-plus cents lower in Chicago.
Wheat found renewed buying interest at all three exchanges on crop condition concerns as the dollar again traded higher.
Wheat markets traded mixed on the day Tuesday but saw minor support from a stronger corn market.
Grain and soybean bids traded higher after losses posted Wednesday. Wheat and soybeans saw gains on better than expected export sales.
KC and Chicago wheat traded slightly lower into the closing bell Tuesday on thoughts that export demand may not pick up enough to hit the current USDA export estimate for this crop year.
KC and Chicago wheat traded lower on the day despite positive export demand numbers reported Thursday morning.