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Wheat Collapses on Wednesday with Crude Oil Pressure

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsEnergy Markets & PricesMarket Technicals & FlowsInvestor Sentiment & Positioning

Chicago SRW futures fell 13 to 17.75 cents in the nearby contracts while KC HRW futures dropped 7 to 12.25 cents on the day. The wheat complex weakened as money flowed out amid pressure from crude oil, indicating short-term bearish positioning in grain futures.

Analysis

Chicago SRW futures fell 13 to 17.75 cents in the nearby contracts while KC HRW futures dropped 7 to 12.25 cents on the day. The wheat complex weakened as money flowed out amid pressure from crude oil, indicating short-term bearish positioning in grain futures.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25