Wheat futures moved lower across front months Monday AM after broad weakness on Friday: Chicago SRW futures fell 12 to 13.5 cents (May down 18.5c) and KC HRW futures were about 21 cents lower. The move reflects renewed selling pressure across the three cash/futures markets despite higher overnight action, signaling short-term bearishness for the wheat complex.
Wheat futures moved lower across front months Monday AM after broad weakness on Friday: Chicago SRW futures fell 12 to 13.5 cents (May down 18.5c) and KC HRW futures were about 21 cents lower. The move reflects renewed selling pressure across the three cash/futures markets despite higher overnight action, signaling short-term bearishness for the wheat complex.
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mildly negative
Sentiment Score
-0.25
