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Wheat futures ended Wednesday with most CBT and KC contracts 4 to 5 cents lower. MPLS was mostly steady to 2 1/4 cents in the red. The CME Group raised margin requirements for KC HRW by $150 and increased margins for CBT wheat by $50. The average trade guess for Thursday’s Export Sales report is for all wheat sales to total 200,000-450,000 MT for the week that ended Feb 8. The US isn’t the only one have trouble exporting. France AgriMer cut projected 2017/18 French exports and raised projected soft wheat carryover to 3.25 MMT today from 2.9 MMT.

Mar 18 CBOT Wheat closed at $4.55 3/4, down 5 cents,

Mar 18 KCBT Wheat closed at $4.69 3/4, down 4 3/4 cents,

Mar 18 MGEX Wheat closed at $6.00 1/4, down 1 1/2 cents

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