The wheat complex faced some weakness on Tuesday, with CBT trying to hold up. Chicago SRW contracts were mixed, with front months fractionally to 2 ½ cents higher and deferreds steady to 3 ¾ cents lower. KC HRW futures were down 2 3/4 to 7 ¾ cents. MPLS spring wheat was 1 to 4 ¾ cents lower.
Weekly NASS Crop Progress data showed 81% of the US winter wheat crop harvested by Sunday, 2% ahead of normal. The spring wheat crop was 92% headed, 1% behind the 5-year average pace, with 2% of the crop harvested. Spring wheat conditions were steady at 53% gd/ex, with the Brugler500 index another 3 points lower to 342. Improvement was noted in MT (+36), with WA up 6 and ID steady. Deterioration was seen in MN (-3), ND (-17) and SD (-33).
