Wheat Feeling Weakness on Tuesday Morning Despite Deteriorating Condition Ratings

Wheat is starting Tuesday with slight losses after a mixed Monday session across the three exchanges. Chicago SRW futures rose 3 3/4 to 7 1/4 cents, while open interest fell 6,458 contracts, led by a 9,137-contract drop in May, indicating position reduction rather than a major fundamental shift.

Analysis

Wheat is starting Tuesday with slight losses after a mixed Monday session across the three exchanges. Chicago SRW futures rose 3 3/4 to 7 1/4 cents, while open interest fell 6,458 contracts, led by a 9,137-contract drop in May, indicating position reduction rather than a major fundamental shift.