International Wheat Market Report 12th July 2017

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Wheat futures closed Tuesday with gains in most contracts. As the winter wheat harvest continues, most states in the far North and West are lagging their averages. Spring wheat ratings dropped again this week as each of the 6 states reporting deteriorating conditions. Ahead of Wednesday’s crop report, analysts are expecting the USDA to drop 2017/18 US wheat ending stocks 48 mbu to 876 mbu.

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