The wheat complex closed Friday with losses across all three markets. Chicago SRW futures were 9 to 10 cents lower, as March was still 19 cents higher this week. KC HRW futures were 10 to 12 1/2 cents in the red on Friday, though March was 11 ¼ cents higher this week. MPLS spring wheat was down 5 to 6 cents, with Marc up 1 3/4 cents this week. The markets will be closed on Monday for President’s Day.
Commitment of Traders data showed spec funds adding 3,900 contracts to their net short position in CBT wheat futures and options, to 85,655 contracts. In KC wheat, managed money was adding 10,652 contracts to their net short to 19,496 contracts.
