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Wheat Jul '17 (ZWN17)

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Brugler report

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Mon Apr 24, 4:24PM CDT
Wheat futures were mostly lower on Monday. MPLS was the weakest, down 3-5 cents on the day. CHI was steady to 2 1/2 cents lower, with KC losing 1 3/4 to 3 3/4 cents. Weekly shipments for wheat exports were 612,536 MT for the week ending April 20. That was 10.62% lower than last week, but is 41.14% larger than the weekly shipments reported last year at this time. Winter wheat conditions were reported at 54% good/excellent after the close, unchanged from last week, but down 5% from the same time a year ago. The Brugler 500 index has ratings at 347, up 1 point from last week as 1% was shifted from good to excellent. Last year the rating was 359 for the same week. Winter wheat progress showed 32% of the US crop was headed, up from the average of 23% and 24% last year. The Ukraine Ag Ministry estimates 2017 wheat production at 24 MMT, down from 26.8 MMT last year. May 17 CBOT Wheat settled at $4.02 1/2, down 2 1/2 cents, May 17 KCBT Wheat settled at $4.01 3/4, down 2 3/4 cents, May 17 MGEX Wheat settled at $5.21 1/2, down 5 cents
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