Market Commentary

Wheat futures slightly lower and row crops higher in early trade. USDA Weekly Export sales were good for wheat at 19.5 mln bushels. SWW sales came in at 3.2 mln bushels with S Korea the top destination. Corn sales were very strong at 141.5 mln bushels. HRW wheat areas are forecast to receive more rain. The US$ index is moderately lower. Wheat futures unch to 2 cents lower, corn is up 2, and soybeans are a nickel better.