The wheat complex posted losses at the close of most contracts on Friday. Chicago SRW futures lost 3 to 5 cents on Friday, with March 2 ¾ cents in the red. Casey HRW futures were down 2 to 4 cents across most contracts and March managed to close 3 ¾ cents higher than last Friday. MPLS spring wheat was stable in the following months, as nickel was lower in the March week.
The delayed CFTC report for the week of October 28 shows short positions in Chicago Wheat decreased by 33,692 contracts from their net short position to 75,133 contracts. In Casey Wheat, positions were reduced by 15,563 contracts to 51,708 contracts.
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Export sales data for the week of Nov. 6 will be released on Monday, with analysts surveyed estimating wheat bookings at 250,000 to 600,000 metric tons that week.
The USDA will publish its monthly WASDE report on Tuesday, with analysts polled by Bloomberg looking for 894 MBU in wheat ending stocks. If realized this would be a decline of 7 MBU compared to last year.
FranceAgrimer estimates that 99% of the French soft wheat crop was planted as of 1 December. The crop rating was 96% good/excellent, down 1 point over the week.
25 December CBOT Wheat closed at $5.37 1/2, down 3 1/2 cents.
26 March CBOT Wheat It closed at $5.35 3/4, down 4 1/2 cents.
25 December KCBT Wheat closed at $5.23 1/4, down 6 1/4 cents.
March 26 KCBT Wheat closed at $5.31 1/4, down 2 3/4 cents.
25 Dec MGEX Wheat closed at $5.82 1/2,
March 26 MGEX Wheat closed at $5.73, however,
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