Spring Wheat Harvest Falling Behind 5-Year Average

The August 21st edition of the Legacy Market News featured weekly market updates in the flour industry, courtesy of General Mills Foodservice. Here are several key takeaways:

  • Kansas City futures up around 20 cents/bushel on larger than expected U.S. exports and tightening ending stocks.
  • Hard Red Winter basis weakened following the rally in futures.
  • Spring wheat harvest showing 30% harvested compared to the 5 year average of 43%.
  • Crop conditions on spring wheat ticked up 1% week on week.
  • Potential for some more large export numbers as the U.S. Dollar remains weak.

Click here to read the full report and view additional information about flour prices and trends.

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