International Wheat Market Report 2nd June 2017

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Wheat futures finished the day mixed. Drier weather in the North supported HRS prices, as MPLS was 6 3/4 cents higher in the front month. The weekly Drought Monitor started showing some D0 and D1 drought concerns in the Dakotas, MT and part of MN. Both HRW and SRW came back to end the day fractionally lower. The USDA weekly Export Sales report will be delayed until tomorrow morning, with sales expected to range from net reductions of 100,000 MT to sales of 100,000 for old crop. The report will be through May 25, with the old crop marketing year ending on May 31.

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