Wheat futures closed lower on Monday. KC was the weakest, down 10 to 11 cents, while CHI was 5 1/2 to 8 3/4 cents lower. MPLS was the firmest on the day, but still fractionally to 1 1/2 cents lower. Winter Wheat conditions were reported at 54% good/excellent, up 1% from last week as expected. The Brugler500 index is now at 346, a 2 point increase over last week but still 9 points behind last year. Winter wheat is also 19% headed, 8% more than last year and 6% above the 5-year average.
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