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Wheat Posts Modest Correction on Wednesday

Commodity FuturesCommodities & Raw MaterialsMarket Technicals & Flows

Wheat futures were lower across all three U.S. exchanges on Wednesday, following Tuesday’s limit gains. Chicago SRW ended steady to 3.5 cents lower, KC HRW fell 4.75 to 7.75 cents, and MPLS spring wheat dropped 4 to 4.25 cents. The move suggests a modest pullback after the prior session’s sharp advance.

Analysis

Wheat futures were lower across all three U.S. exchanges on Wednesday, following Tuesday’s limit gains. Chicago SRW ended steady to 3.5 cents lower, KC HRW fell 4.75 to 7.75 cents, and MPLS spring wheat dropped 4 to 4.25 cents. The move suggests a modest pullback after the prior session’s sharp advance.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15