The wheat complex is back to steadier trade on Tuesday, with contracts trying to post strength. Chicago SRW contracts are fractionally to a penny higher at midday. KC HRW futures are down 2 to 3 cents at midday. MPLS spring wheat are steady to fractionally lower across most contracts on Tuesday.
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).
