Wheat Futures

Forex 2020

Junior member
31 0
Wheat futures are up 3 3/4 to 4 1/2 cents higher. SRW wheat is fractionally higher at midday, and MPLS spring wheat futures are gaining 2 3/4 to 3 1/2 cents. Trade ideas for HRS planting progress are in the 70-72% range, with talk of Prevented Planting (PP) claims increasing, specifically for ND and northern SD. Wheat exports from the week ending May 21 were 457,777 MT. That was down wk / wk and yr / yr by 7% and 15% respectively. Of the week's wheat shipments, 36% were to China. Friday's CoT report showed winter wheat spec traders flipped to net short, to 16,476 contracts in SRW and 15,038 contracts for HRW. In MPLS wheat, spec traders were 758 contracts more short to a record bearish position of 25,401 contracts.

Wheat Futures July 2020: We are short from April 22,2020 form 539-0 . Still on Market
 
 
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