Wheat Closes Week Mixed

Winter wheat futures end the week mixed; Chicago wheat saw a 0.67% gain over the week and closed up 1 3/4 on Friday while Kansas City wheat lost 0.43% through the week and closed down 1 3/4 cents. MPLS wheat’s weekly change was (2.10%), but closed Friday $0.065 higher. Census data released this morning showed August wheat exports at a 3-year high 2.57 MMT, which is 94.46 mbu. In the weekly CFTC report managed money net shorted wheat futures. Chicago wheat saw a net short of 21,514 contracts which grew the net short from last week by 14.6%. In Kansas City wheat the spec funds were net short 32,780 contracts. MPLS wheat saw a 12,445 contract net short on Tuesday, down 7,084 contracts from the previous week.

DEC 19 CBOT Wheat closed at $4.77 1/2, up 1 3/4 cents,

DEC 19 KCBT Wheat closed at $3.76 3/4, down 1 3/4 cents,

DEC 19 MGEX Wheat closed at $5.36, up 6 1/2 cents

---provided by Brugler Marketing & Management




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.