Market Overview - Strong wheat futures remained unchanged at 3050.00 CNY as of June 17 [1] - Canadian wheat exports increased by 2.8% to 550,100 tons for the week ending June 8, compared to 535,100 tons the previous week [1] - Total Canadian wheat exports from August 1, 2024, to June 8, 2025, reached 18.993 million tons, a 3.6% increase from 18.3327 million tons in the same period last year [1] Crop Conditions - As of June 15, the good-to-excellent rating for U.S. spring wheat was 57%, exceeding market expectations of 54% and up from 53% the previous week, but down from 76% the same time last year [1] - The emergence rate for U.S. spring wheat was 89%, up from 82% the previous week and down from 94% last year [1] - The good-to-excellent rating for U.S. winter wheat was 52%, below market expectations of 54% and unchanged from the previous week, but up from 49% last year [1] Export Data - U.S. wheat export inspections for the week ending June 12, 2025, were 388,752 tons, an increase from the revised 324,207 tons the previous week [2] - Cumulative U.S. wheat export inspections for the current crop year reached 590,086 tons, down from 708,876 tons in the same period last year [2] Regional Insights - Emater forecasts a 10% decrease in wheat planting area in Rio Grande do Sul for 2025, estimating it at 1.198 million hectares [2] - The average yield for wheat in Rio Grande do Sul is projected to be 3,000 kg per hectare for 2025, up from 2,781 kg per hectare in 2024 [2]