International Wheat Market Report 8th June 2017

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Wheat futures finished Wednesday 7 to 9 cents higher in the KC and CBT contracts. MPLS was lower in the front months, with back months higher. Tomorrow’s export sales report is estimated show old crop sales of 0 to 300,000 MT in reductions, from end of marketing year cancelations. New crop is estimated to be 350,000-550,000 MT. All wheat production for 2017/18 is estimated to be lowered by 5 million bushels in Friday’s production report, to 1.815 bbu.

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