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Wheat Pulls Off Lows into the Close

Commodity FuturesFutures & OptionsCommodities & Raw MaterialsMarket Technicals & Flows

Wheat futures finished mixed to slightly weaker on Thursday, with Chicago SRW fractionally to 1.5 cents higher, KC HRW down 3 to 5 cents, and MPLS spring wheat off 2 to 3.5 cents. The move appears to be routine session trading rather than a major fundamental shift. Crude oil was also mentioned, but the article excerpt does not provide further detail.

Analysis

Wheat futures finished mixed to slightly weaker on Thursday, with Chicago SRW fractionally to 1.5 cents higher, KC HRW down 3 to 5 cents, and MPLS spring wheat off 2 to 3.5 cents. The move appears to be routine session trading rather than a major fundamental shift. Crude oil was also mentioned, but the article excerpt does not provide further detail.

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