International Wheat Market Report 16th May 2018

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Wheat futures ended the session with KC contracts steady, CBT 1-2 higher and MPLS up 4-4 3/4 cents. Support from corn spilled over to help ease pressure from a sharply higher US dollar index on Tuesday. Informa numbers released on Tuesday put all spring wheat other than Durum at 12.4 million acres, down from the USDA’s 12.6 million acres.

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