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December Chicago wheat futures fell 3.4% to $221.7 per tonne at the end of the week, marking a ninth straight session of declines and the longest weekly losing streak since 1997. December Kansas wheat fell more than 3% to $236.7 per tonne.
The article attributes the selling mainly to a rise in fund net short positions, which reached a record 74,606 contracts in Chicago wheat.
Heavy fund short-selling and a record net short position signal bearish sentiment, which lowers wheat feed costs for buyers. The move is driven by positioning rather than a new supply change, so a short-covering rally remains possible.
stockbiz.vnThời báo tài chính VNNov 2, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
