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Market Impact: 0.25

Wheat Longs Retreat on Thursday

Commodity FuturesCommodities & Raw MaterialsTrade Policy & Supply ChainGeopolitics & WarMarket Technicals & FlowsInvestor Sentiment & Positioning

Wheat futures were under pressure on Thursday, with Chicago SRW contracts down 11 3/4 to 18 cents in the front months as the Trump/Xi meeting produced few headlines on potential U.S. agricultural purchases. KC HRW futures also weakened, signaling broad softness across the wheat complex. The move reflects disappointment on trade-related demand hopes rather than a fundamental supply shock.

Analysis

Wheat futures were under pressure on Thursday, with Chicago SRW contracts down 11 3/4 to 18 cents in the front months as the Trump/Xi meeting produced few headlines on potential U.S. agricultural purchases. KC HRW futures also weakened, signaling broad softness across the wheat complex. The move reflects disappointment on trade-related demand hopes rather than a fundamental supply shock.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.35