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Hot, dry, and windy conditions will accelerate crop maturity and harvesting and likely add to price pressure over the next couple of weeks.
Weather has resurfaced as the primary driver in price action, particularly after a dry start to the growing season for Europe/Black Sea.
Here in the U.S., there is increasing evidence of freeze damage in the southwest Plains, enough to support Kansas City wheat, but not enough to spur it higher.
Fundamentally, the market is being pressured by an important rain event moving across Europe.
The bullish component of the wheat complex rests with dryness across the Black Sea region that has expanded into eastern Europe.
For the week, Kansas City was down 13-cents; Minn down 26-cents and Chicago down 23-cents.