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

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