Global wheat values have been trading mostly lower in recent weeks due to harvest pressure and lack of any bullish market stories that could essentially change the markets overall sentiment on the current situation. All eyes are on the Western Canadian crop for Durum.  The crop size and quality will be very closely watched and will influence market direction. Export demand is anticipated to be lower from Canada due to the better European crop and lack of major production issues in the North African crop. Sask Ag reporting an increase in Durum crop conditions for Saskatchewan in what is expected to be their last crop conditions report prior to harvest. Quality and yield will be the market drivers in Durum as Canadian harvest is next up on the docket. Exceed is hesitant against making any additional new crop sales on wheat right now as market prices leave little to no profit on an average wheat crop. If Exceed sees some appreciation in new crop basis or futures, they will consider a sale.

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