4h ago
Wheat futures slide Friday as managed money net short hits 71,206 contracts
Chicago, Kansas City and Minneapolis wheat futures all fell on Friday, with the most-active contracts down 27.5 to 47.5 cents on the week. Managed money sharply increased net short exposure, lifting the net short position to 71,206 contracts, according to CFTC data. The market is awaiting the USDA’s June Acreage report due Tuesday, with total wheat plantings expected at 43.8 million acres, alongside export sales down 16% year on year and mixed French crop and harvest indicators that add to near-term supply pressure.