Wheat On the Positive Side of Unchanged to Kick Off Monday

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The wheat complex saw Friday gains, as USDA gave a friendlier US number. CBT soft red wheat futures were 2 to 3 cents in the higher at the close, with December up 4 ¼ cents last week. Friday’s open interest was down 2,305 contracts.  HRW futures were up 4 to 5 cents across the front months, as Dec rose 9 ½ cents since the previous Friday. Preliminary OI was up just 2,992 contracts. There were 22 deliveries against September, which expired on Friday, with the monthly total at 663. MPLS spring wheat was fractionally higher, with December up 5 ¾ cents last week.The Friday afternoon Commitment of Traders report showed spec traders in Chicago wheat futures and options adding 10,451 contracts to their net short position of 92,394 contracts by Tuesday September 9th. In Kansas City futures and options, specs trimmed their net short position by 1,656 contracts to 53,025 contracts.Looking for Value in the Grains? Consider Buying Soybean Meal Here.Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today!USDA’s monthly WASDE saw no changes to the demand side of the balance sheet on Friday as expected, though the demand did see one. Exports were raised by 25 mbu to 900 mbu, with stocks dropping by that same figure to 844 mbu. The US cash average price was also cut by 20 cents to $5.10.The world balance sheet saw a 3.98 MMT increase to stocks at 264.06 MMT. There were several major culprits, as Russia production was up 1.5 MMT, with the EU raised by 1.85 MMT, Canada and Ukraine 1 MMT higher, while Australia saw the biggest increase, up 3.5 MMT.Sep 25 CBOT Wheat  closed at $5.03, up 8 cents,Dec 25 CBOT Wheat  closed at $5.23 1/2, up 2 cents, currently 2 1/2 centsSep 25 KCBT Wheat  closed at $4.87, up 1 1/4 cents,Dec 25 KCBT Wheat  closed at $5.14 3/4, up 4 3/4 cents, currently up 3/4 centsSep 25 MGEX Wheat  closed at $5.50 1/4, up 2 cents,Dec 25 MGEX Wheat  closed at $5.72 3/4, up 1/4 cent, currently down 2 cents On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com CGU et Politique de confidentialitéPrivacy & Cookie SettingsMore InfoS&P Futures6,671.00 +3.50 (+0.05%)Dow Futures46,145.00 +26.00 (+0.06%)Nasdaq Futures24,535.25 +13.00 (+0.05%)Russell 2000 Futures2,422.90 +2.60 (+0.11%)VIX16.36 +0.67 (+4.27%)Gold3,731.80 +6.70 (+0.18%)PortefeuilleConnectez-vous pour accéder à votre portefeuilleSe connecterLes plus performantsWBTN WEBTOON Entertainment Inc. 20.80 +5.84 (+39.04%)QMMM QMMM Holdings Limited 88.00 +16.25 (+22.65%)BBAI BigBear.ai Holdings, Inc. 5.94 +0.85 (+16.70%)PAGS PagSeguro Digital Ltd. 10.74 +1.04 (+10.72%)PBF PBF Energy Inc. 30.62 +2.70 (+9.67%)Les moins performantsNXTT Next Technology Holding Inc. 23.72 -5.08 (-17.64%)GEMI Gemini Space Station, Inc. 28.13 -4.39 (-13.50%)RKLB Rocket Lab Corporation 47.25 -6.80 (-12.57%)ORLA Orla Mining Ltd. 11.51 -1.27 (-9.94%)CCJ Cameco Corporation 80.23 -6.09 (-7.06%)Les plus liquidesOPEN Opendoor Technologies Inc. 8.92 -0.57 (-6.06%)BBAI BigBear.ai Holdings, Inc. 5.94 +0.85 (+16.70%)SNAP Snap Inc. 7.74 +0.28 (+3.75%)NIO NIO Inc. 7.02 +0.53 (+8.17%)NVDA NVIDIA Corporation 174.88 -2.87 (-1.61%)Événements concernant les bénéficesÉvénements concernant mes bénéficesÉvénements concernant les bénéficesActions du momentNIO NIO Inc. 7.02 +0.53 (+8.17%)RIVN Rivian Automotive, Inc. 14.32 +0.72 (+5.29%)OXY Occidental Petroleum Corporation 47.76 +2.29 (+5.04%)BBAI BigBear.ai Holdings, Inc. 5.94 +0.85 (+16.70%)NFE New Fortress Energy Inc. 2.0000 +0.6200 (+44.93%)Principaux événements économiques