Friday trading sent wheat futures into the weekend with losses. Chicago SRW closed 5 1/4 to 9 cents weaker, with a 5% loss for March from Friday to Friday. KC HRW wheat futures ended 3 3/4 to 7 cents lower, with March down 4% on the week. MPLS spring wheat futures closed 3 to 4 1/2 cents lower on the day, and 19 1/2 cents lower on the week. Census data showed the official wheat exports for the month of October were 63.96 mbu, down from 98.7 mbu in September and 83.4 mbu in October ’19. The weekly CoT update from CFTC showed managed money flipped net short in SRW futures and options after a week of long liquidation and new selling. Managed money reduced their net long in KC wheat by 3,915 contracts to 44,506 contracts on lower OI. In HRS, CFTC data showed managed money was 4,755 contracts net long on 12/1.
| Mar 21 CBOT Wheat closed at $5.75 1/2, down 9 cents, |
| Mar 21 KCBT Wheat closed at $5.42 3/4, down 7 cents, |
| Mar 21 MGEX Wheat closed at $5.50 1/2, down 3 cents, |
--- provided by Brugler Marketing & Management
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