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Wheat futures are close to UNCH at midday. Weekly wheat export loadings jumped to 447,353 MT in the week ending November 20. That was more than triple the week before, and almost 125 thousand MT larger than the same week in 2013. The YTD is still 207 million bushels below year ago but this was an improvement. Cold temperatures in Russia are potentially hurting their winter wheat production for 2015.In the week ending Nov 18, managed money accounts had decreased their net short position in Chicago wheat by 19,254 contracts, bringing their net position to down to -11,881 contracts.Their net long position in KC wheat grew by 753 contracts from the previous week.
Dec 14 CBOT Wheat is at $5.46 3/4, down 1/2 cent,
Dec 14 KCBT Wheat is at $6.06 1/4, up 2 1/4 cents,