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Market Impact: 0.25
Wheat Selling a Tighter Stocks Number
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsMarket Technicals & Flows
Wheat futures declined despite a USDA Grain Stocks report indicating tighter inventories. At midday, Chicago SRW wheat was down 15-17 cents, Kansas City HRW fell 10-12 cents, and Minneapolis spring wheat lost about 6 cents, signaling bearish near-term market positioning outweighing the supportive stocks data.
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Overall Sentiment
mildly negative
Sentiment Score
-0.30
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