“`html
The wheat market experienced mixed results on Tuesday, with Chicago SRW futures rising by 2.25 cents to close at $5.46. Meanwhile, KC HRW futures fell by up to 3 cents, closing at $5.26. In contrast, MPLS spring wheat futures led the gains, increasing by 6 to 9 cents, closing at $5.83.
According to the USDA’s Crop Progress report released on Tuesday, the winter wheat crop is now 92% planted, trailing the 95% average pace for this time of year. Emergence is reported at 79%, behind the 84% five-year average, with condition ratings at 45% for good/excellent, down from 49% last year. The Brugler500 index reflected this decline, dropping from 338 to 328.
Additionally, EU wheat exports from July 1 to November 16 have reached 9.05 million metric tons (MT), nearly matching last year’s figures, with a shortfall of just 0.04 MT compared to the same period.
“`
