CBT SRW futures ended the last trade day of the week with 1 to 1 1/2 cent gains. For the December contract that meant a net 9 cent loss for the week. KC futures pulled back by 1/2 a cent to 2 cents on Friday, ending 4 cents lower wk/wk in the December contract. MPLS futures closed with front month losses of 1/4 to 1 1/2 cents.
CFTC reported managed money was 22,051 contracts net short in CBT wheat futures and options as of 10/18. That was a 2,549 contract stronger net short through the week via a roll of existing longs to new shorts. In KC wheat, the CoT report had spec traders at 26,270 contracts net long, just 238 contracts weaker wk/wk. The funds were 307 contracts less net long in MPLS wheat, for a 3,809 contract net long as of 10/18.
French wheat planting reached 46% complete as of 10/17, compared to 21% last week and to 36% during the same week last year.
Dec 22 CBOT Wheat closed at $8.50 3/4, up 1 1/2 cents,
Mar 23 CBOT Wheat closed at $8.69 1/2, up 1 1/2 cents,
Cash SRW Wheat was $7.85 3/8, up 1 7/8 cents,
Dec 22 KCBT Wheat closed at $9.48 1/4, down 1 1/2 cents,
Cash HRW Wheat was $9.06 3/4, down 1 1/2 cents,
Dec 22 MGEX Wheat closed at $9.61 1/2, down 1 cent,
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.
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