International Wheat Market Report 3rd October 2017

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Wheat futures finished the day with fractional to 3 1/2 cents losses in most CBT and KC contracts. MPLS was the weakest; 10 to 12 1/4 cents lower in the nearby contracts. The USDA indicated that the US winter wheat crop was 36% planted, vs. the average of 43%. In addition, 12% was listed as emerged, compared to the 5 year average of 16%. Export inspections of wheat totaled 691,971 MT for the week ending 9/28, 37.9% larger than a week ago and 4.42% above the same week last year.

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