The wheat complex saw Friday gains, as USDA gave a friendlier US number. CBT soft red wheat futures were 2 to 3 cents in the higher at the close, with December up 4 ¼ cents this week. KC HRW futures were up 4 to 5 cents across the front months, as Dec rose 9 ½ cents since last Friday. MPLS spring wheat was fractionally higher, with December up 5 ¾ cents this week.
The Friday afternoon Commitment of Traders report showed spec traders in Chicago wheat futures and options adding 10,451 contracts to their net short position of 92,394 contracts by Tuesday September 9th. In Kansas City futures and options, specs trimmed their net short position by 1,656 contracts to 53,025 contracts.
