Wheat Faces Pressure on Friday The Chicago Board of Trade saw a decline in wheat prices across the board, with December SRW futures down 11 cents from last Friday.
Kansas City HRW futures were lower by 2 to 10 cents on the session. The spec funds' decision to flip back to a net short position in Chicago wheat futures and options is particularly noteworthy.
This move, which saw 8,968 contracts shift to a net short of 4,706 contracts as of September 15, suggests that even seasoned traders are taking a cautious approach to the market.