International Wheat Market Report 9th June 2017

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Wheat futures showed gains in most all contracts on Thursday. CBT contracts were a penny to 4 1/2 cents higher, with KC up 6 1/4 to 10 3/4 cents. MPLS came down off of highs at $6.17 3/4 in the July contract to finish with gains of 8 3/4 cents. During the last week in the wheat marketing year there was a reported 26,845 MT in net old crop sales. Sales for 2017/18 totaled 461,000 MT, with 1.88 MMT carried over from 2016/17. Weekly shipments for the final week of 2016/17 were 470,933 MT, with exports of 93,912 MT for the start of 2017/18.

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