Red Start to the Week for Wheat Market
Wheat futures fell double digits on the first trade day of the week in a broad ag market selloff. That left the CBT market 11 to 13 cents in the red. KC wheat futures went home 11 to 12 cents lower across the front months. Spring wheat futures closed the day 10 to 11 cents lower.
The weekly Crop Progress report showed the 24/25 winter wheat planting advanced 8% points to 15% finished as of 9/17. KS was marked at 8% planted, compared to 10% on average while the national pace is 1% point behind the past 5yrs. Spring wheat harvest advanced 4% points to 93% complete. The average pace would be 95% harvested as of 9/17.