Domestic futures go into the weekend following mixed price action on Friday. CBT SRW futures closed the day with old crop gains limited to 1 1/2 cents, and new crop losses of as much as 2 1/4 cents. HRW closed the last trade day of the week 1 1/2 to 2 1/2 cents higher in the front months. Spring wheat futures were 1 1/4 to 2 1/4 cents in the red at the close. The weekly CFTC data release showed managed money had trimmed their net long by 18,219 contracts to 14,414 on 11/17, by the way of long liquidation. For KC wheat, managed money’s closing positions were a near wash, as the net long grew just 638 contracts to 47,697. Spring wheat spec traders were 6,061 contracts net long as of 11/17. Japan purchased 101,854 MT of wheat from U.S. (54,659) and Canada (47,195).
| Dec 20 CBOT Wheat is at $5.93 1/4, up 1 1/2 cents, |
| Dec 20 KCBT Wheat is at $5.50 1/4, up 1 1/2 cents, |
| Dec 20 MGEX Wheat is at $5.44, down 2 1/4 cents, |
--- provided by Brugler Marketing & Management
