Wheat Prices Up

Wheat futures contracts close the week on a positive with Minneapolis wheat 3 1/2 cents higher, CBOT wheat up 1 3/4 cents and Kansas City HRW leading the group with a 4 1/2 cents gain. The Commitment of Traders report showed specs 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. Ukraine completed its wheat harvest with an estimated production of 38.5 MMT.

SEP 19 CBOT Wheat closed at $4.70 3/4, up 1 3/4 cents,

SEP 19 KCBT Wheat closed at $3.94 1/4, up 4 1/2 cents,

SEP 19 MGEX Wheat closed at $5.06 1/4, up 3 1/2 cents

--- provided by Brugler Marketing & Management




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