The wheat complex was in retreat mode on Wednesday, with contracts lower across the three exchanges. Chicago SRW contracts closed in on the lows at the final bell, down 17 to 19 cents. KC HRW futures fell back 12 to 15 ½ cents across most contracts. MPLS spring wheat was down 2 to 6 cents on the day.
The weekly NASS Crop Progress report showed 86% of the US spring wheat crop harvested by Sunday, 3% ahead of the normal pace. The winter wheat crop was lagging the 5 year average for planting pace, by 3 percentage points at 2% complete.
