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Wheat futures finished Friday trade mixed. The SRW contracts were slightly lower on the day, but HRW and HRS contracts were able to post small gains. The December16 contracts for all three classes were higher on the week; by 1.5 cents, 4.2 cents and 11 cents respectively. Export shipments were the smallest since the week ending August 4. Manage money accounts were adding to their net short position in Chicago wheat, but reducing their net short position in KC wheat during the week that ended with last Tuesday’s close.
Dec 16 CBOT Wheat settled at $4.04 3/4, down 3/4 cent,
Dec 16 KCBT Wheat settled at $4.21 1/2, up 3/4 cent,
Dec 16 MGEX Wheat settled at $5.03 3/4, up 2 1/2 cents