Wheat

Wheat futures finished the day with most contracts 7 to 9 1/2 cents in the red. Spec funds were shown reducing their CFTC net short position 13,369 contracts during the week of 2/6, to a net position of 83,394 contracts in CBT wheat futures and options. In KC wheat futures and options, they flipped their net position 17,054 contracts to a net long position of 15,157 contracts. Egypt’s GASC purchased 360,000 MT of wheat in their recent tender on Friday, with 4 cargoes sourced from Russian and 2 from Romania.

Mar 18 CBOT Wheat closed at $4.49, down 7 1/4 cents,

Mar 18 KCBT Wheat closed at $4.65 1/2, down 9 cents,

Mar 18 MGEX Wheat closed at $6.03 1/2, down 9 1/2 cents




Market Commentary provided by:

Brugler Marketing & Management LLC
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