Wheat Markets Continue to Drift Lower on Monday
BRUG - Mon Apr 22, 7:31AM CDT

Wheat futures are trading 3 to 6 cents lower this morning, with Chicago SRW the weakest. US Export commitments YTD are 97% of the full year WASDE estimate vs. the average pace of 103%. However, unshipped sales are 71% larger than year ago, offering the potential for a strong finish to the old crop shipping year. CFTC released Commitment of Traders data on Friday afternoon. As on 4/16 COB, spec funds were net short 63,076 contracts in Chicago SRW futures & options. That was 8,808 more net short than the previous week. --Provided by Brugler Marketing & Management

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