International Wheat Market Report 25th October 2017

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Wheat futures were fairly quiet on Tuesday, as most CBT and KC contracts were within a penny of UNCH. MPLS was steady to 4 3/4 cents higher. The USDA Crop Progress report showed planting in KS at 67%, compared to the average pace of 86%, with OK acres 13% lower than the average of 72%. The KS crop was 41% emerged vs. the 5-year average of 63%. The 5-day QPF shows dry weather across most of the Plains, helping planting to progress in those states lagging. Dec 17 CBOT Wheat closed at $4.38, up 1 1/4 cents, Dec 17 KCBT Wheat closed at $4.34, up 1/2 cent, Dec 17 MGEX Wheat closed at $6.19 3/4, up 4 3/4 cents.

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