Spring Wheat Dec '18 (MWZ18)
Spring Wheat Futures Market News and Commentary
Friday wheat futures finished Friday with losses, MPLS falling as much as 9 cents on the day. CFTC reported that managed money reversed their Chicago wheat position from a 654 contract short to a 391 contract long as of 11/12. Kansas City wheat futures have a net short by managed money spec funds, to the tune of 22,689 contracts. They were more bearish the week before. The USDA updated the weekly export sales for the week ending 11/07, with wheat totaling 238,620 MT. Unshipped sales are 25.9% below the same week last year. The USDA reported 453,591 MT of wheat shipments for the same week, pushing the MY accumulated shipments to 11.219 MMT (26.87% above last year’s pace).
DEC 19 CBOT Wheat closed at $5.02 3/4, down 5 cents,
DEC 19 KCBT Wheat closed at $4.17, down 5 1/4 cents,
DEC 19 MGEX Wheat closed at $5.03 3/4, down 9 cents
-- provided by Brugler Marketing & Management
- Friday, Grain Comments
Points To Consider
- Uncertain U.S. – China Trade Talks Continue. The Corn & Ethanol Report 11/15/19
We kickoff the day with Business Inventories, Export Sales, New York Empire State Manufacturing Index and Retail Sales at 7:30 A.M., Industrial production...
- Here Is My Soybean Trade
Risk/Reward In Your Favor
- Daily Grain & Cotton Commentary
Will decent export sales help support grain prices into the weekend?
- TFM Sunrise Update _ Nov 15, 2019
Grains flat/weak overnight... remain on slippery slope; US/China trade negotiations reach demands from both sides.
- Mid-November Weekly Export Sales
Weely Export Sales are due out this morning.