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Market Impact: 0.2

Wheat Back to Mixed Trade on Monday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

Wheat futures showed mixed action, with soft wheat weaker while hard red contracts were higher. Chicago SRW futures were down 1.75 to 6 cents on the day, and July wheat fell 30.5 cents, indicating continued near-term pressure in parts of the wheat complex. The move appears routine for grain futures and is unlikely to have broad market impact.

Analysis

Wheat futures showed mixed action, with soft wheat weaker while hard red contracts were higher. Chicago SRW futures were down 1.75 to 6 cents on the day, and July wheat fell 30.5 cents, indicating continued near-term pressure in parts of the wheat complex. The move appears routine for grain futures and is unlikely to have broad market impact.

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