Hard Red Wheat (P) Futures PricesFri, Oct 17th, 2014
Latest Brugler Hard Red Wheat (P) Report
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Wheat futures are steady to as much as three cents lower at midday after all three markets posted weekly gains last week. Export inspections were 481,878 MT, up 25,911 MT from last week, but 101,138 MT less than the same week a year ago. Current YTD wheat inspections are only about two thirds of what they were a year ago. In the Commitment of Traders report published on Friday, CFTC showed managed money funds were getting less short in CBT wheat, and longer in KC wheat. They were net short -60,063 contracts in CBT wheat, and net long 9,416 contracts in KC wheat. KC protein basis was firmer in the 13.5-14.5% range but UNCH otherwise.
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