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Wheat Back to Rally Mode on Wednesday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsNatural Disasters & WeatherMarket Technicals & Flows

Wheat futures rallied double digits Wednesday: Chicago SRW +16–17¢, KC HRW +22–33¢, MPLS spring wheat +15–16¢ at midday. The move appears weather-driven with a drier outlook for next week, supporting a sharp near-term price uptick in the wheat complex.

Analysis

Wheat futures rallied double digits Wednesday: Chicago SRW +16–17¢, KC HRW +22–33¢, MPLS spring wheat +15–16¢ at midday. The move appears weather-driven with a drier outlook for next week, supporting a sharp near-term price uptick in the wheat complex.

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