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Market Impact: 0.35

Wheat Closes in Rally Mode on Wednesday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & Positioning

Wheat futures rallied sharply: Chicago SRW futures rose +11.00 to +14.75 cents, KC HRW futures gained +18.25 to +23.25 cents, and MPLS spring wheat closed up +11 to +13 cents. The move represents a broad, double-digit rally across major U.S. wheat contracts during Wednesday's session.

Analysis

Wheat futures rallied sharply: Chicago SRW futures rose +11.00 to +14.75 cents, KC HRW futures gained +18.25 to +23.25 cents, and MPLS spring wheat closed up +11 to +13 cents. The move represents a broad, double-digit rally across major U.S. wheat contracts during Wednesday's session.

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mildly positive

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