Wheat Markets Lower on Sunday Night

Wheat futures contracts start the week 1 1/2 to 4 1/2 cents lower in all three markets. The dollar index is stronger, although the buck is weaker vs. the euro. Stock market futures are higher, sucking speculative money away from commodities. The Commitment of Traders report showed spec funds further reducing their Chicago net long positions to 4,088 contracts, down 35% for the week ending August 13. In KC wheat they boosted their net short position to 33,272 contracts as of Tuesday. They also added to a record net short position in MPLS wheat on that date of -18903 contracts.

--- provided by Brugler Marketing & Management




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