Wheat Futures PricesMon, Aug 3rd, 2015
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Wheat futures are trading mostly a nickel lower after a mixed but mostly lower close on Friday. Prices were -13 cents on the week in the Chicago contract, down -15 cents in KC and off -22 cents in MPLS spring wheat following the record yield findings by the Spring Wheat Tour. The CFTC report on Friday showed spec fund shorts abandoning their recently bullish position in CBT wheat, cutting their net long position by 15,506 contracts to 5,099 contracts net long as of 7/28. The surprising thing was that they had ANY longs left after a dollar drop.
InsideFutures Grains News
Due to grow seasons and seasonal fluctuations in wheat supply and demand, wheat futures tend to be highest from August through September, and lowest from January through May. These are not guaranteed trends, however, so traders of wheat futures must stay abreast of fluctuations in wheat prices and wheat quotes. Our up-to-date wheat futures table provides a summary of wheat prices with links to wheat quotes.