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Wheat Jul '17 (ZWN17)

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Brugler report

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2 minutes ago
Wheat futures were mixed in the KC contracts on Monday, with CBT down 1 to 3 cents. MPLS was 9 to 12 cents lower. Rainfall amounts were disappointing for the Southern Plains over the weekend, with a number of locations in the 0.2-0.4” category. Some locally heavier amounts were seen. The USDA tallied wheat exports at 619,251 MT during the week of 4/19 in this morning’s Export Inspections report. That was a 22.63% jump from a week ago but was 2% shy of this week last year. The winter wheat crop was estimated at 13% headed as of Sunday, lagging the average at 19%. Condition ratings were steady at 31% gd/ex, with the Brugler500 at 285 on higher excellent ratings. The improvement came mostly in the SRW regions, up 5 points to 363. The HRW state ratings were down 3 points to 267. The spring wheat crop saw a few states progress with planting, but the national pace was UNCH at 3% planted. The typical average is for 25% of the crop to be planted by now.May 18 CBOT Wheat closed at $4.61 1/2, down 1 3/4 cents,May 18 KCBT Wheat closed at $4.83 1/4, up 1/2 cent,May 18 MGEX Wheat closed at $5.88, down 12 cents
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