The wheat complex was lower across the three markets on Monday. Chicago SRW contracts are posting losses of 7 to 8 ½ cents on the day. KC HRW futures were 5 ½ to 10 1/2 cents lower at the close. MPLS spring wheat was contracts 4 to 7 ½ cents in the red on the session.
Weekly NASS Crop Progress data showed 76% of winter wheat crop was planted as of Sunday, now lagging the 5 year average for planting pace by 1 percentage point. Emergence was at 53%.
