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Amanda Brill at Total Farm Marketing said, “Wheat futures closed higher across all three U.S. exchanges Monday, supported by a combination of adverse global weather, a weaker U.S. dollar, and renewed geopolitical risk. Dryness in key wheat-growing regions — including China, southern Russia, Canada, and northern Europe — continues to underpin prices. In the U.S., excessive rains are raising concerns over potential harvest delays and crop quality issues in the Southern Plains.” Chad Pater at CHS Hedging said, “Spring wheat planting was reported at 95% complete. This compares with 93% last year and a 5-year average of 90%. Winter wheat is 83% headed (79% 5-year average) and rated 52% good/excellent (50% g/e last week). Winter wheat harvest is set at 3% complete compared to 5% last year and 3% for the five-year average.”





