Wheat is lower across most contracts in early Tuesday trade. The wheat complex posted losses across the three exchanges on Monday. Chicago SRW contracts were 8 to 10 1/4 cents lower at the close. July had 25 delivery notices on first notice day. KC HRW futures fell 3 ¾ to 5 ¼ cents, with July down 11 cents. There were 443 deliveries issued against July overnight. MPLS spring wheat was down 4 ½ to 6 3/4 cents, with July down 29 ¾ cents.
NASS Crop Progress data showed 48% of the US winter wheat crop harvested by Sunday, 9% ahead of normal. Conditions were steady at 26% gd/ex, with the Brugler500 index 2 points lower to 262. The spring wheat crop was 32% headed, 2% back of the 5-year average pace. Spring wheat conditions were 59% gd/ex, up 5%, with the Brugler500 4 points higher to 355.
