International Wheat Market Report 31st January 2018

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Wheat futures saw sharp gains in most HRW contracts following deteriorating conditions in yesterday’s state reports. SRW was 8 to 9 cents higher, with MPLS up 2-3 cents. Front month KC March closed 3/4 cents off the high, as it traded at its highest mark since late September this morning. On Monday’s NASS releases individual state condition rating reports for winter wheat showing a Brugler500 rating of 261 for Kansas and 187 for Oklahoma.

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