The wheat complex posted mixed trade on Tuesday, as the soft red and hard red spreads were unwinding. Chicago SRW contracts were 3 ½ to 6 ¼ cents in the green at the close. KC HRW futures were steady to down 6 ¼ cents on the day. MPLS spring wheat posted Tuesday session losses of 1 ¾ to 4 ¾ cents.
NASS Crop Progress data showed 95% of the US winter wheat crop headed by Sunday, 4% ahead of normal. Harvest was pegged at 25%, faster than the 13% average pace. Conditions were up 2% to 27% gd/ex, with the Brugler500 index 4 points higher to 267. An average of the main 5 HRW states was up 2 points to 213, with SRW states averaging a 357 rating, down 5 points. The main white wheat states slipped 6 points to 367.
