International Wheat Market Report 16th October 2017

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Wheat futures finished Friday trade with HRW and SRW contracts 8-10 cents in the green and HRS 3-4 cents higher All wheat export sales of 175,000 MT were reported for the week of Oct 5, which was 64.5% lower than last week. Export shipments came in at 325,546 MT, a drop of nearly 55.5% from the previous week. Managed money spec funds in KC wheat futures and options cut their net long position by 8,625 contracts to 843 contracts as of Tuesday. In Chicago wheat futures and options, they increased the size of their net short position another 11,524 contracts to -67,729.

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