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Wheat futures were mostly 2 to 5 3/4 cents lower with SRW futures down the most.USDA reported weekly export inspections were 301,271 MT, which was smaller than both last week and the same week last year. YTD inspections are not quite 88% of what they were a year ago.Chinese wheat imports for January through April (858,688 MT) are up 44% year/year. NASS had the weekly crop condition ratings for all wheat at 361 on the Brugler500 Index, flat vs. a week earlier. Winter wheat is 75% headed, well ahead of the five year average of 66% for this week. Spring wheat is 95% planted, and 78% emerged; both figures are still well-ahead of their respective fiver year averages. More than 3/4 of the US HRS crop is in the good or excellent condition rating.
Jul 16 CBOT Wheat settled at $4.62, down 5 3/4 cents,
Jul 16 KCBT Wheat settled at $4.47, down 2 cents,
Jul 16 MGEX Wheat settled at $5.27 3/4, down 3 cents