USDA reported increased wheat stocks, pressuring the wheat complex. Chicago SRW futures fell 4 3/4 to 7 1/4 cents, Kansas City HRW futures declined 4 3/4 to 8 1/4 cents, and Minneapolis spring wheat fell about 4 3/4 cents on the session. The larger stocks number suggests a softer near-term supply/demand balance for U.S. wheat and weighed on prices across delivery points.
USDA reported increased wheat stocks, pressuring the wheat complex. Chicago SRW futures fell 4 3/4 to 7 1/4 cents, Kansas City HRW futures declined 4 3/4 to 8 1/4 cents, and Minneapolis spring wheat fell about 4 3/4 cents on the session. The larger stocks number suggests a softer near-term supply/demand balance for U.S. wheat and weighed on prices across delivery points.
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mildly negative
Sentiment Score
-0.25
