Variable spring wheat crop means premiums exist for high-quality wheat

Variable spring wheat crop means premiums exist for high-quality wheat

Spring wheat futures remain under heavy pressure, with Minneapolis contracts grinding to fresh lows and flirting with sub-$5.50 levels. On paper, it looks like another year where wheat has no story of its own, simply following corn lower. But out in the northern Plains, harvest results are telling a more complicated tale. Yields and quality are proving highly variable, protein premiums are surfacing, and domestic demand is already showing up in …