The wheat complex rounded out the week with losses across much of the market, with nearby spring wheat an exception. CBT soft red wheat futures were down 2 to 3 cents, as September was 1 ¾ cents lower this week. KC HRW futures were down 4 to 5 ¼ cents across most contracts on the day, as September slipped another 9 cents from last Friday. MPLS spring wheat closed out the Friday session with contracts steady to a penny higher, as September was down ½ cent on the week.
Weekly CFTC data showed spec traders in Chicago wheat increasing their bearish position by 8,837 contracts to a net short of 98,132 contracts by Tuesday. In KC wheat, managed money added 825 contracts to their net short to 51,380 contracts as of August 19.
