Wheat futures came back to settle with gains in most all contracts. CBT was the strongest, with MPLS improving over losses earlier in the session. The weekly drought monitor showed most of the Dakotas experiencing some sort of dryness. Wheat export sales for the week of June 8 for the 2017/18 marketing year were at 373,368 MT, just under half of what was reported for this week last year. Weekly shipments came in at 624,448 MT, 10.6% over last week’s total exports.
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