Chicago and Minneapolis wheat futures ended the day higher, while KC wheat closed mostly in the red. SRW wheat ended the day 1 1/2 to 3 1/4 cents higher, and for Sept that overcame earlier losses as futures were up 0.9% from Friday to Friday. KC futures were mostly lower at the closing bell with losses limited to a half a penny. MGE wheat closed with gains of 1/2 to 1 3/4 cents, which pushed Sept 0.6% higher wk/wk. The drought in N and N.W. Argentina is affecting wheat there. BAGE reported 0.8% of the national wheat crop was heading, with just a 22% good/ex condition rating. The Rosario Grain Exchange estimates Argentine wheat production at 18-19 MMT (USDA @ 20.5). The weekly Commitment of Traders report had managed money 15,532 contracts net short in SRW on August 11. The swing from net long to net short came by way of long liquidation. KC wheat specs were 8,781 contracts more net short to 34,592 contracts. In MPLS HRS futures, managed money was net short 24,513 contracts. That extends the record longest spec net short to 101 consecutive weeks.

--- provided by Brugler Marketing & Management