Wheat Sep '19 (ZWU19)Get Real-Time Futures
Wheat Futures Market News and Commentary
Wheat futures ended the Friday session with most contracts 3 to 9 cents higher. Shorts took some of their winnings off the table ahead of the weekend. Over the course of the week CBT lost 3.92%, with KC 5.83% and MPLS 2.3% lower. CFTC data showed specs in KC wheat trimmed 1,649 contracts from their net short position to 16,156 contracts. In CBT wheat they cut 11,623 contracts from that net long position to 18,751 contracts. They showed a record net short position in MPLS wheat on Tuesday at -13,027 contracts. The French wheat harvest is now 33% complete, a 24% move over the past week. The French crop has been stressed by hot and dry temps, with yield estimates declining. SEP 19 CBOT Wheat closed at $5.02 1/2, up 9 cents, SEP 19 KCBT Wheat closed at $4.40, up 7 1/4 cents, SEP 19 MGEX Wheat closed at $5.29 1/4, up 3 3/4 cents --provided by Brugler Marketing & Management
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