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Wheat Rallying on Friday with Russian Rumors

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows

Wheat prices are up sharply, with Chicago SRW futures gaining 19 to 23.5 cents across contracts at midday. There were 2 deliveries against CBT wheat overnight, including 53 for July KC wheat. Overall, the complex is showing broad double-digit strength in the front contracts.

Analysis

Wheat prices are up sharply, with Chicago SRW futures gaining 19 to 23.5 cents across contracts at midday. There were 2 deliveries against CBT wheat overnight, including 53 for July KC wheat. Overall, the complex is showing broad double-digit strength in the front contracts.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.25

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