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Market Impact: 0.12

Wheat Holding Firm on Wednesday

Commodity FuturesCommodities & Raw MaterialsNatural Disasters & Weather

Wheat futures are modestly firmer at midday, with Chicago SRW up fractionally to 2 cents, KC HRW up 1 to 3 cents, and MPLS spring wheat fractionally higher. The market is being supported by weather considerations, as the next 7 days are expected to remain dry. Overall, the move appears minor and largely routine for the wheat complex.

Analysis

Wheat futures are modestly firmer at midday, with Chicago SRW up fractionally to 2 cents, KC HRW up 1 to 3 cents, and MPLS spring wheat fractionally higher. The market is being supported by weather considerations, as the next 7 days are expected to remain dry. Overall, the move appears minor and largely routine for the wheat complex.

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Market Sentiment

Overall Sentiment

neutral

Sentiment Score

0.08