International Wheat Market Report 7th June 2017

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Wheat futures finished Tuesday sharply higher. CBT was the weakest, yet still managed to gain 4 3/4 to 7 1/4 cents. KC was 3 3/4 to 8 cents higher, with MPLS up 3 3/4 to 9 cents. World wheat ending stocks for 2016/17 are projected to be slightly lower than the May USDA estimates at 255.24 MMT. World ending stocks for 2017/18 are projected at 258.8 MMT, up from the May estimate of 258.3 MMT.

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