Text-wrap options not working

I've come across a few bizarre anomalies when trying to use various options using the fly-out settings. An update last week seems to have fixed a few, in particular my paragraph spacing options that could only be altered using the main options bar across the top of the screen. However this new one appeared this week. I can't add or modify any text wraps by using the fly-out. I can add one via the main menu, but there are limited options there (ie on/off!). You can see in the pic that the text wrap is on the strawberry image (as indicated in the top bar) but that those settings aren't reflected in the fly-out. There's just a hide option, but they're not hidden here. No matter what object in any document I select this is the same. Anyone else having this issue?