International Wheat Market Report 11th July 2017

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Wheat futures settled sharply higher to start the week. MPLS was the firmest, 30 3/4 cents higher, with KC and CBT 14 1/2 to 15 1/4 cents higher. The US winter wheat harvest is 67% completed, vs. last year and the average of 65%. Spring wheat progress shows 79% of the crop is headed, up from the average of 74% but behind last year’s 89%. Ratings dropped another 2% to 35% g/e, for a Brugler500 score of 283.

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