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“All three wheat classes are trading higher this morning as a result of poor crop conditions,” Total Farm Marketing said. “May Chicago wheat is up 13-3/4 cents to $6.35-1/4, KC wheat is up 18-1/4 cents to $6.85-1/2, and Minn wheat is up 10 cents to $6.86. According to the USDA, 30% of the winter wheat crop is rated good to excellent, which is unchanged from last week but is down 19% from this time a year ago. Nineteen percent of the spring wheat crop is planted, which compares to the 5-year average of 22% and 5% of the crop is emerged, which is ahead of the 5-year average of 4% at this time.”
