International Wheat Market Report 17th October 2017

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Wheat futures closed Monday with most contracts 1 to 5 1/2 cents lower. All wheat export inspections totaled just 11.86 mbu during the week of Oct 12. That is 8.19% lower than the previous week and 30.53% behind the same week a year ago. Shipments YTD for the 17/18 MY are 15.34 mbu smaller than the same time in 2016. The USDA Crop Progress report indicated that 60% of the US winter wheat crop was planted as of Sunday, lagging the average pace by 11%. It also reported 37% of the crop emerged.

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