Wheat is showing losses across most contracts on Tuesday as the dollar index is continuing its rebound. Chicago SRW futures are 9 to 10 cents in the red at midday. KC contracts are down 6 to 7 cents so far at midday. MPLS spring wheat is continuing weakness into Tuesday, with 3 to 4 ½ cent losses
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.
