Speculative traders in U.S. wheat futures have reduced their net short exposure, according to the latest Commitments of Traders data released on 10 July 2026 by the U.S. Commodity Futures Trading Commission (CFTC).
Net speculative positions in wheat improved from -55.0K contracts previously to -49.7K contracts, indicating a modest pullback in bearish sentiment. While speculators remain net short overall, the move suggests some covering of short positions or a slight increase in long interest.
The narrowing of net shorts may reflect shifting expectations around U.S. wheat market dynamics, as traders reassess price risks and positioning in the futures market. Investors will be watching subsequent reports to see whether this marks the start of a more sustained repositioning in wheat.
