The wheat complex saw pressure on Monday, with Chicago SRW futures down 8 to 9 cents and KC HRW futures 6 to 7 cents lower. Export Inspections report showed 488,025 MT of wheat shipped last week, up 23.2% over the previous week. Export Sales data for the week ending on November 20 showed 361,715 MT in sales, slightly below estimates. Commitment of Traders data revealed spec funds adding 5,055 contracts to their net short in CBT wheat futures. Wheat futures closed lower across the board, with Mar 26 CBOT Wheat closing at $5.20 3/4 and May 26 MGEX Wheat at $5.78 1/4.
Read more at Yahoo Finance: Wheat Faces Monday Pressure
