
Chicago, Kansas City and Minneapolis wheat futures fell Friday and posted weekly losses. Managed money increased its net-short positions in Chicago and Kansas City wheat, while U.S. export commitments remained below last year’s level and the five-year average pace; traders are also awaiting Tuesday’s WASDE report.
Bearish fund positioning and slower-than-normal export commitments point to weaker demand and weigh on U.S. wheat prices. The forthcoming USDA report could add volatility if it changes stock estimates.
Not 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.