International Wheat Market Report 6th July 2017

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Wheat futures finished Wednesday trade with gains in most contracts, as MPLS July was down on low volume. Sept MPLS traded in a 94 1/2 cent range on the day to end 3 3/4 cents higher. The winter wheat crop is 53% harvested, down 1% from the average and 3% from last year. Conditions dropped 1% g/e to 48%, as the Brugler500 index is now at 335 (down 3 points from last week). Spring wheat is 59% headed, vs. the average of 54 and 71% last year. Conditions dropped 3% this week, to 37% g/e, as the Brugler500 is now at 298, down 11 points from the previous week.

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