Spring Wheat Jul '20 (MWN20)
Spring Wheat Futures Market News and Commentary
Front month SRW wheat goes into the weekend after closing 5 to 7 1/4 cents lower on Friday. KC HRW wheat futures closed 9 to 10 cents lower on the last trade day of the week. MPLS HRS futures closed down by 3 3/4 to 5 cents. The CoT report showed SRW spec traders flipped to net short in the week ending May 19. Managed money was 16,476 contracts net short from 2,982 net long last week. Managed money also flipped net short wk/wk in KC HRW to 15,038 contracts. In MPLS wheat, spec traders were 758 contracts more short to a record bearish position of 25,401 contracts. Japan purchased 110,573 MT of wheat in their weekly MOA tender, with 67,441 MT U.S. origin.
Jul 20 CBOT Wheat closed at $5.08 3/4, down 7 1/4 cents,
Jul 20 KCBT Wheat closed at $4.44 1/2, down 10 cents,
Jul 20 MGEX Wheat closed at $5.13, down 5 cents,
--- provided by Brugler Marketing & Management
- Corn (ZC) Weekly MACD Trying to Positively Cross
Corn (ZC) firmed to end last week, as part of a month long major bottoming effort. Significantly, ZC closed Fri at the point of breakout above prior downchannel...
- Silver Thursday
From Haunted By Markets penned on...
- Sidwell Strategies Week-in-Review CommodityBuzz: Cattle-on-Feed neutral while wheat remains weak
Memorial Day weekend is here!
- Livestock Report
Weak Holiday markets
- Paragon Investments' Futures File: Coffee, Silver & USDA
This week's column looks a rising silver & falling coffee prices, while the USDA released a new payment program to farmers.
- Grain Spreads: No Fear
No Threats or Fear of Higher Prices