The US Department of Agriculture reported export inspections of US wheat in the latest week at 520,975 tonnes, above a range of trade expectations of 300,000 to 500,000 tonnes. Weekly data from the US Commodity Futures Trading Commission showed large speculators expanded their big net short position in CBOT wheat in the week to December 20, leaving the market vulnerable to short-covering.
The US Department of Agriculture reported export inspections of US wheat in the latest week at 520,975 tonnes, above a range of trade expectations of 300,000 to 500,000 tonnes. Weekly data from the US Commodity Futures Trading Commission showed large speculators expanded their big net short position in CBOT wheat in the week to December 20, leaving the market vulnerable to short-covering.