Wheat Continues Weakness on Friday | U.S. Finance News
The wheat complicated rounded out the week with losses throughout a lot of the market, with close by spring wheat an exception. CBT delicate crimson wheat futures have been down 2 to three cents, as September was 1 ¾ cents decrease this week. KC HRW futures have been down 4 to five ¼ cents throughout most contracts on the day, as September slipped one other 9 cents from final Friday. MPLS spring wheat closed out the Friday session with contracts regular to a penny greater, as September was down ½ cent on the week.Weekly CFTC information confirmed spec merchants in Chicago wheat growing their bearish place by 8,837 contracts to a web short of 98,132 contracts by Tuesday. In KC wheat, managed money added 825 contracts to their web short to 51,380 contracts as of August 19.
Don’t Miss a Day: From crude oil to espresso, signal up free for Barchart’s best-in-class commodity evaluation. USDA’s Export Sales complete from Thursday reveals the entire wheat commitments at 11.566 MMT, which is the most important for the present week going back to 2013/14. That can also be 49% of the USDA export projection, which might usually be close to 45%. Sep 25 CBOT Wheat closed at $5.04 3/4, down 2 1/4 cents,Dec 25 CBOT Wheat closed at $5.27 1/4, down 2 1/2 cents,Sep 25 KCBT Wheat closed at $4.98, down 5 1/4 cents,
Dec 25 KCBT Wheat closed at $5.21, down 5 cents,Sep 25 MGEX Wheat closed at $5.70 1/4, up 1 cent,Dec 25 MGEX Wheat closed at $5.91 3/4, up 3/4 cent,
On the date of publication,
Austin Schroeder
didn’t have (both straight or not directly) positions in any of the securities talked about on this article. All info and information on this article is solely for informational functions.
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