Wheat

Wheat futures settled mixed on Friday, after trading higher most of the day. KC and CBT were lower in most contracts, as MPLS was steady to 8 1/2 cents higher. In KC, the Sept contract was down 5.43% on the week, as MPLS and CBT Sept contracts were down 1.2% and 1.14%. In CBT wheat futures and options trading, spec traders added 26,682 contracts to their net long position, now at 44,685 contracts. Managed money added 18,185 contracts to their net long position in KC wheat futures and options. Their reported net long position was at 73,111 contracts on Tuesday. Argentina’s wheat harvest is 79.1% complete, according to the BAGE. They also lowered their planting acreage number to 13.34 million acres, from 13.59 million acres.

Sep 17 CBOT Wheat closed at $5.10 3/4, down 1 cent,

Sep 17 KCBT Wheat closed at $5.13 1/2, down 2 cents,

Sep 17 MGEX Wheat closed at $7.58, up 8 1/2 cents




Market Commentary provided by:

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