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Spring Wheat Dec '17 (MWZ17)

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Brugler report

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Fri Sep 22, 4:13PM CDT
Wheat futures ended the week with 1 to 3 cent losses in most CBT contracts, as KC was fractionally higher. MPLS was the strongest, up 10 1/2 in nearby Dec and 2.27% higher on the week. The USDA will release the Small Grains report a week from today, at 11:00 a.m. CDT. We will get a better idea of 2017 wheat production in that report, particularly spring wheat and harvested acres. Spec funds in Chicago wheat futures and options decreased their net short position by 4,177 contracts to a net position -79,658 as of last Tuesday. In KC wheat futures and options, they lowered their net long position by 616 contracts to 12,415 contracts. Dec 17 CBOT Wheat closed at $4.49 1/2, down 3 cents, Dec 17 KCBT Wheat closed at $4.50 1/4, up 3/4 cent, Dec 17 MGEX Wheat closed at $6.34 3/4, up 10 1/2 cents
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