International Wheat Market Report 14th June 2017

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Wheat futures posted gains in most contracts on Tuesday. CBT was 10 to 12 1/4 cents higher, with KC 7 1/4 to 14 1/4 cents in the green. MPLS was the strongest, as it saw sharp gains of 27 1/2 cents in July and 28 1/4 cents in September. Individual state progress shows winter wheat in TX 72% harvested, with OK 52% complete, and KS at 4%. Spring wheat ratings dropped as expected to 45% g/e, down 10% wk/wk and 34% yr/yr. Individual state ratings show Montana and the Dakotas dropping significantly, as SD was 13% g/e.

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