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Market Impact: 0.22

Wheat Starting Thursday with Slightly Mixed Trade

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows

Wheat trade is mixed early Thursday: winter wheat contracts are down fractionally to 2 cents, while spring wheat is bouncing. Into the Wednesday close, Chicago SRW (nearby) gained 3 3/4 to 10 cents. Open interest increased by 2,053 contracts, suggesting some positioning changes despite the mixed price action.

Analysis

Wheat trade is mixed early Thursday: winter wheat contracts are down fractionally to 2 cents, while spring wheat is bouncing. Into the Wednesday close, Chicago SRW (nearby) gained 3 3/4 to 10 cents. Open interest increased by 2,053 contracts, suggesting some positioning changes despite the mixed price action.

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Market Sentiment

Overall Sentiment

mildly negative

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-0.15

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