Spring Wheat Futures PricesSun, Nov 23rd, 2014
Latest Brugler Spring Wheat Report
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Wheat futures were mostly UNCH to slightly higher on the day, but were down on the week. CHI wheat was down 6.5 cents, and MPLS wheat lost 8 cents, but KC wheat lost less than two cents. December options expired today. As of the Tuesday close, managed money accounts had decreased their net short position in Chicago wheat by 19,254 contracts, bringing their net position to short -11,881 contracts. Their net long position in KC wheat grew by 753 contracts from the previous week. The US Dollar index was up nearly 700 points on the day, which brought some added pressure to the export-sensitive US wheat market.
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