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Wheat Showing Mostly Lower Thursday Morning Trade

Commodity FuturesFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & Positioning

Wheat prices are mostly lower early Thursday after the complex followed Tuesday’s limit gains with declines on Wednesday. Chicago SRW futures finished steady to 3.5 cents lower, while KC HRW futures fell 4.75 to 7.75 cents. Open interest in Chicago SRW rose by 3,742 contracts, pointing to continued positioning and renewed selling pressure.

Analysis

Wheat prices are mostly lower early Thursday after the complex followed Tuesday’s limit gains with declines on Wednesday. Chicago SRW futures finished steady to 3.5 cents lower, while KC HRW futures fell 4.75 to 7.75 cents. Open interest in Chicago SRW rose by 3,742 contracts, pointing to continued positioning and renewed selling pressure.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15