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Wheat futures closed mostly steady to a couple cents lower on the day. For KC wheat, the deferred contracts managed to gain as much as a couple cents today. Export inspections were 481,878 MT, up 25,911 MT from last week, but 101,138 MT less than the same week a year ago. Current YTD wheat inspections are only about two thirds of what they were a year ago. The US winter wheat crop is now estimated to be about 76% planted and the 5 yr average for this date is 77%. Typically 50% of the crop has emerged by this date, and this year it is 6 points ahead of normal at 56% emerged.
Dec 14 CBOT Wheat closed at $5.13 1/2, down 2 1/2 cents,
Dec 14 KCBT Wheat closed at $6.01, down 3/4 cent,
Dec 14 MGEX Wheat closed at $5.66 3/4, down 3 3/4 cents