The wheat complex was mixed on Friday, with the winter wheats slipping back and spring wheat seeing strength. KC HRW futures were down 3 to 4 1/2 cents across most contracts on Friday with September down just 1/2 cent this week. CBT futures were 3 to 4 cents in the red on the day, with September down 2 ¼ cents. MPLS spring wheat saw gains of 2 to 3 cents to close Friday, with September spring wheat up 4 ½ cents this week.
Weekly CFTC data showed a total of 15,445 contracts added to the spec fund net short position in CBT wheat as of 8/5, taking it to 80,759 contracts. In KC wheat futures and options, managed money added 9,783 contracts to that net short to 57,063 contracts.
