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Market Impact: 0.32

Wheat Futures Hanging On to Most of Wednesday’s Rally

Commodities & Raw MaterialsTrade Policy & Supply ChainGeopolitics & War

Wheat futures are pulling back midday, down 4–5 cents but still holding most of Wednesday’s rally. The earlier strength was supported by expectations of potential restrictions on Russian Black Sea exports, particularly lifting Chicago SRW contracts (up roughly 26 to 32 1/2 cents into Wednesday’s move).

Analysis

Wheat futures are pulling back midday, down 4–5 cents but still holding most of Wednesday’s rally. The earlier strength was supported by expectations of potential restrictions on Russian Black Sea exports, particularly lifting Chicago SRW contracts (up roughly 26 to 32 1/2 cents into Wednesday’s move).

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.12