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Wheat Sep '17 (ZWU17)

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36 minutes ago
Wheat futures are mostly 3 to 5 cents higher in the KC HRW and CBT SRW contracts. MPLS spring wheat is up 2 cents. They settled Thursday with most KC and MPLS contracts 4 to 6 1/2 cents higher, while the CBT was up 1-2 cents. Total wheat shipments for the week were 476,606 MT, 13.35% lower than last week. Exports YTD are 25.6% larger than they were at this time last year but total commitments are only 1.6% larger. As a percent of the USDA total, they are 38%, vs. last year’s 37% and the average of 38%. The Spring wheat tour wrapped up on Thursday afternoon. The overall average for spring wheat was 38.1 bpa vs. 45.7 bpa last year and the 5-year average of 46.8 bpa. The IGC lowered their world wheat production estimate for 17/18 3 MMT to 732 MMT.
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