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Market Impact: 0.25

Wheat Jumps as Iran War, Wintry Weather Stoke Inflation Concerns

Commodity FuturesCommodities & Raw MaterialsFutures & OptionsGeopolitics & WarEconomic Data

Wheat futures in the US sank, closing the week at levels not seen since before Russia’s invasion of Ukraine. Traders attribute the drop to mounting concern that a global economic slowdown could hobble demand for farm commodities, weighing on crop prices.

Analysis

Wheat futures in the US sank, closing the week at levels not seen since before Russia’s invasion of Ukraine. Traders attribute the drop to mounting concern that a global economic slowdown could hobble demand for farm commodities, weighing on crop prices.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.30