Wheat futures settled Monday trade with most contracts 2 to 6 1/2 cents in the red, with front month MPLS down 9 1/4 cents. This morning's Export Inspections report indicated that 578,649 MT of wheat was exported during the week of July 27, 15.19% higher than last week but down 13.45% from last year. YTD, total inspections are 15.02% larger than this time a year ago. This afternoon's Crop Progress report showed the winter wheat crop at 88% harvested, even with last year and up 2% from the average.
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