Jeff Wilson joined the Pro Farmer team in 2018 as our senior market analyst.
Wheat starts November with small gains on improving export business.
Ahead of the Open: Sluggish Demand, Favorable Weather Keep Pressure on Grains to Close Out October Trading
Markets drifting lower to build new demand as October trading heads for a lower close.
Lacking fresh export news allows funds to keep selling wheat market.
Rising sentiment reflects strong U.S. job market.
Quiet session ahead of month end and USDA next crop updates on Nov. 8
Rains signal great start for South American crops.
Egypt buying U.S. wheat may signal global shift to U.S. supplies.
U.S. supplies are cheapest offered in Egypt's wheat tender.
Another week of sluggish U.S. export sales seen keeping markets on the defensive.
Drier weather will aid harvesting into early next week, boosting supplies.