Wheat futures settled with the CBT and MPLS contracts 4 to 5 cents lower. KC wheat was steady to 1 1/2 cents higher. This afternoon’s USDA Crop Progress report indicated that 32% of the US winter wheat crop was rated good/excellent as of Sunday. That is 19% lower than this time last year, as the Brugler500 index shows an overall rating of 295 (on a scale of 500 points). That is 45 points lower than last year and the lowest for this date since 2002.
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