The wheat complex are mixed across the board on Tuesday. Chicago SRW futures are 1 to 3 cents higher on Tuesday. KC HRW futures are fractionally lower at midday. MPLS spring wheat futures are continuing strength, up 4 to 9 ½ cents.
USDA released their Crop Progress report this morning showing the winter wheat crop at 92% planted, lagging the 95% average pace. Emergence was at 79%, behind the 84% 5-year average. Condition ratings were pegged at 45% in good/excellent ratings, which was down from 49% last year. That equated to 328 on the Brugler500 index, down from 338 a year ago.
