The wheat complex closed Friday with losses. Chicago SRW futures were down 4 to 5 cents in most contracts, as March was down 6 ½ cents on the week. KC HRW futures were 4 to 5 cents on Friday, with March losing 13 ¼ cents since last Friday. MPLS spring wheat was fractionally lower to close Friday, with March up 2 ¾ cents on the week.
Commitment of Traders data as of November 18 showed spec funds trimming 10,070 contracts as from their net short position in Chicago wheat futures and options to 48,691 contracts as of that date. In KC wheat futures and options, managed money cut 13,278 contracts from their net short to 19,939 contracts.
