Wheat futures settled with most CBT contracts 2-4 cents lower and KC fractionally mixed. MPLS saw gains of 1-3 cents in most contracts. Over the course of the week, CBT lost 5.46%, KC was down 4.47% and MPLS was 3.27% lower in their respective Sep contracts. As of Tuesday August 1, spec traders were shown to lower their net long positions in both KC and CBT wheat futures and options, by 6,468 and 15,660 respectively.
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