Wheat was under pressure on Tuesday, as contracts closed with losses across the three markets. Chicago SRW futures were 8 to 9 cents in the red at the close. KC contracts were down 7 to 8 cents on the day. MPLS spring wheat was just 3 to 4 cents lower in the front months.
Crop Progress data after the close showed 80% of the US winter wheat crop harvested by Sunday, 1 point behind average. Spring wheat was 3% behind normal at 95% headed. Harvest was tallied at 1%. Conditions of the northern crop were down 3% to 49% gd/ex, as the Brugler500 index was down 6 to 332. The only state to see improvement was MN, up 3, with MT down another 11 and ND losing 3 points.
EU soft wheat exports are pegged at 803,256 MT from July 1 to July 27 according to the EU Commission, which is well below the 2.248 MMT last year in the same time period.
Sep 25 CBOT Wheat closed at $5.29 3/4, down 8 3/4 cents,
Dec 25 CBOT Wheat closed at $5.50, down 8 3/4 cents,
Sep 25 KCBT Wheat closed at $5.18 1/2, down 7 1/2 cents,
Dec 25 KCBT Wheat closed at $5.39 1/2, down 7 1/4 cents,
Sep 25 MGEX Wheat closed at $5.78 1/2, down 4 cents,
Dec 25 MGEX Wheat closed at $6.00, down 3 cents,
