U.S. wheat futures rise across CBOT, KCBT and MIAX as July contracts expire
U.S. wheat futures advanced across CBOT, KCBT and MIAX on Tuesday, with front-month contracts up 4 1/4 to 11 3/4 cents. U.S. winter wheat harvest reached 67% by Sunday, running 6% ahead of normal, while spring wheat conditions showed mixed regional shifts led by a sharp drop in Montana. EU wheat exports in the first 12 days of July totaled 214,904 MT, down from 260,897 MT a year earlier, according to EU Commission data. Russia’s exports through the Kerch Strait remained limited following last week’s report of restrictions, adding to worries about potential disruptions to global supply.