The wheat complex is trading with Tuesday midday gains across the three markets. Chicago SRW are trading with 3 to 5 cent gains in the nearby contracts. KC HRW futures are up 4 to 6 cents in the front months on the day. MPLS spring wheat is fractionally to 2 cents higher at midday.
NASS Crop Progress data showed 92% of the US winter wheat crop headed by Sunday, 7% ahead of normal. Harvest was pegged at 11%, faster than the 6% average pace. Conditions were down 1% to 25% gd/ex, with the Brugler500 index down 6 to 263. The spring wheat crop was 98% planted, 3% ahead of normal, with emergence at 87% and 7% faster than average. Spring wheat conditions were 52% gd/ex, up 5%, with the Brugler500 rising 7 points to 350.
