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Wheat futures were sharply lower in CHI today, losing 6 to 13 1/2, KC wheat was 4 to 7 cents off, while MPLS lost 3 to 4 1/2 cents. The front month contract in each market was the weakest today. For the week, CHI and KC Dec15 futures lost 22 3/4 cents and 7 cents respectively, but Dec15 MPLS wheat was up a nickel. During the week ending Nov19, 325,700 MT of wheat was sold to foreign purchasers per the USDA Export Sales report, down 55% from the week before. Of the total, 22,000 MT was for 2016/17 delivery, the largest weekly sales total for the next marketing year since the week ending September 17. Mexico and Japan combined accounted for nearly 42% of total sales.
Dec 15 CBOT Wheat settled at $4.65 3/4, down 13 1/2 cents,
Dec 15 KCBT Wheat settled at $4.50, down 7 1/4 cents,
Dec 15 MGEX Wheat settled at $5.10, down 4 1/2 cents