International Wheat Market Report 7th July 2017

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Wheat futures posted sharp losses in most contracts on Thursday. MPLS led the fallout, down 43 to 50 cents in the nearby contracts. CBT and KC were 18 3/4 to 23 cents lower in the front months. Tomorrow morning’s USDA export sales report is expected to show export sales for 2017/18 in a range of 300,000-500,000 MT for the week ending June 29. HRW and SRW wheat conditions were even with the prior week as winter white conditions deteriorated.

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