Speculative traders in U.S. wheat futures reduced their bearish positions, according to the latest Commitments of Traders data released by the CFTC. As of 30 January 2026, net speculative positions in wheat improved to -79.4K contracts, compared with a previous reading of -93.7K.
The shift indicates that while speculators remain net short, some of the pessimism toward U.S. wheat has eased. A reduction in net short positions can signal changing sentiment around price prospects, risk appetite, or expectations for supply and demand, though the overall stance still reflects a predominantly bearish view on the market.
