The wheat complex is sliding lower on Monday, with CBT soft red wheat futures down 10 to 11 cents, KC HRW futures down 4 to 5 cents, and MPLS spring wheat futures down 2 to 3 cents. Export Inspections report shows 854,454 MT of wheat shipped in the week of 9/18, up 12.96% from the week prior. Spec funds in wheat futures and options are trimming back net short positions. Dec 25 CBOT Wheat is at $5.11 1/2, down 11 cents.
Read more at Yahoo Finance: Wheat Posting Weakness on Monday
