International Wheat Market Report 11th October 2017

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Wheat futures finished the day quiet in most CBT and KC contracts, as MPLS was 3 to 6 cents lower. The USDA reported the winter wheat crop 48% planted vs. the average of 58%, as 25% of the crop is emerged. This morning’s USDA report shows inspections of 12.883 mbu, less than half of the previous week’s exports and 20% behind this time last year. Total inspections YTD are lagging a year ago by 10.197 mbu at 378.438 mbu.

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