According to the NASS Crop Progress report, 87% of the U.S. winter wheat crop had headed as of the latest update, 8 percentage points ahead of the average pace. Harvest progress reached 5%, which is 2 percentage points faster than normal. Winter wheat conditions remained unchanged at 26% Good/Excellent, while the Brugler500 Index increased by 1 point to 269. Ratings declined by 10 points in Ohio and 9 points in Texas, while Oklahoma improved by 9 points.

The spring wheat crop was 94% planted and 72% emerged, both figures running 5 percentage points ahead of the normal pace. The first spring wheat condition rating of the season showed 47% of the crop in Good/Excellent condition, 3 percentage points below the same week last year. The Brugler500 rating stood at 343, up 3 points from a year ago.

European Union soft wheat exports totaled 21.47 million metric tons from July 1 through May 31, an increase of 1.2 million metric tons compared to the same period last year.