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Market Impact: 0.18

Wheat Trading with Friday AM Gains

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & Positioning

Wheat is mostly higher on Friday morning after Thursday's profit-taking pressure, with Chicago SRW front-month futures down 11 3/4 to 18 1/2 cents. The nearby May contract is described as thin and in delivery, and there were 312 delivery notices against the market. The update is primarily a short-term futures flow and positioning note rather than a fundamental demand or supply shift.

Analysis

Wheat is mostly higher on Friday morning after Thursday's profit-taking pressure, with Chicago SRW front-month futures down 11 3/4 to 18 1/2 cents. The nearby May contract is described as thin and in delivery, and there were 312 delivery notices against the market. The update is primarily a short-term futures flow and positioning note rather than a fundamental demand or supply shift.

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Market Sentiment

Overall Sentiment

neutral

Sentiment Score

-0.05