The wheat futures complex was firmly mixed at the close on Friday, with March HRW the largest mover. Front month KC wheat futures closed in the black, with 1 to 4 cent gains. May HRW ended the week 22 3/4 cents above last Friday. Chicago futures were mostly lower at the close, but within 1 1/4 cents of UNCH. For May SRW that limited the week’s gain to 13 3/4 cents. Spring wheat futures also closed mixed on Friday, ending within a penny of UNCH.

The weekly CoT report showed SRW wheat specs extended their net short 5,634 contracts to 13,217 contracts. That came via new selling on the week ending 4/13. SRW commercials were reported at a steady 89,525 contract net short, as new hedges and new commercial buying canceled out. For KC HRW, the CFTC reported managed money was 11,028 contracts net long on 4/13. That was a 3,482 contract reduction to their net long wk/wk. Minneapolis wheat specs extended their net long through the week ending 4/13 to 9,680 contracts.  

Cash SRW Wheat  was $6.25 5/7, down 3/4 cent,

May 21 CBOT Wheat  closed at $6.52 1/2, down 1 1/4 cents,

Jul 21 CBOT Wheat  closed at $6.55, down 1/2 cent,

Cash HRW Wheat  was $5.78 1/3, up 1 1/4 cents,

May 21 KCBT Wheat  closed at $6.09 1/4, up 1 1/2 cents,

Jul 21 KCBT Wheat  closed at $6.16 1/4, up 1 cent,

May 21 MGEX Wheat  closed at $6.64 1/4, up 1 cent,