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Market Impact: 0.22

Wheat Posting Monday Gains

Commodities & Raw MaterialsMarket Technicals & Flows

Wheat prices are trading up 6 to 9 cents on Monday. After mixed trade on Thursday—with HRW relatively holding up and Chicago SRW down only fractional to 1½ cents—September SRW ended last week up about a dime. Open interest declined by 175, suggesting some cooling in positioning but not a major directional break.

Analysis

Wheat prices are trading up 6 to 9 cents on Monday. After mixed trade on Thursday—with HRW relatively holding up and Chicago SRW down only fractional to 1½ cents—September SRW ended last week up about a dime. Open interest declined by 175, suggesting some cooling in positioning but not a major directional break.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.15