The wheat market posted Friday losses across the three markets to end the week. CBT soft red wheat futures closed the day with 6 to 7 ¼ cent losses, as the Friday action aw December down 2 ¾ cents this week. KC HRW futures were 6 to 7 cents lower on the session, with December ending the week 1 ¾ cents lower than it started. MPLS spring wheat futures posted losses of 5 to 6 cents on Friday, with December managing to hold onto a ¼ cent gain since last Friday.
Spec traders in Chicago wheat futures and options increased their net short position by 12,110 contracts to 97,935 contracts as of September 23. In Kansas City wheat, managed money was busy trimming back their net short by 1.230 contracts as of Tuesday to 50,304 contracts.
