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Wheat futures ended Turnaround Tuesday with most KC and CBT contracts 2 to 3 1/2 cents lower. MPLS was 7 to 8 1/4 cents in the red. Japan’s Ag ministry is seeking 84,683 MT of wheat to be sourced from the US and Canada. The tender will close Thursday, with 60,463 MT sought from the US. The ABARE in Australia estimates the country’s winter wheat crop at 21.2 MMT, vs. the USDA’s 21.5 MMT. China sold 279,335 MT of wheat from state reserves on Tuesday, with 2.057 MMT offered at the auction.

Mar 18 CBOT Wheat closed at $4.60 3/4, down 3 1/4 cents,

Mar 18 KCBT Wheat closed at $4.74 1/2, down 3 cents,

Mar 18 MGEX Wheat closed at $6.01 3/4, down 8 1/4 cents

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