Wheat is trading with Tuesday morning losses across the three markets, led by the winter wheats. The wheat complex pulled back into the Monday close, as contracts saw mostly fractional gains. KC HRW futures were fractionally higher in the front months. CBT soft red wheat futures were up ½ cent in the nearbys. MPLS spring wheat saw a ¼ cent gain in September, with Dec down 2 ½ cents.
Crop Progress data from USDA showed the US winter wheat 90% harvested, with 91% the normal harvest pace. The spring wheat harvest was 16% complete, behind the 22% average. Conditions were listed at 49% gd/ex, back up 1%, though the Brugler500 index was down 1 at 331 on higher very poor ratings.
