International Wheat Market Report 15th June 2017

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Wheat futures showed losses in most CBT contracts. Both KC and MPLS were higher, with July 17 MPLS 1/2 cents lower.Analysts are showing estimates of 350,000-550,000 MT for US 2017/18 export sales for the week of June 8. Australia’s wheat production projection was updated to 24.19 MMT, from 23.9 MMT in March, by ABARE. Germany’s 2017 wheat crop is estimated at 25.2 MMT, up 0.22 MMT from May’s estimate on wet weather.

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