Wheat Fading Lower on Monday Morning as Forecasts Look Wetter

Wheat is trading with early losses across the three exchanges on Monday as markets reopen after the long weekend. Chicago SRW futures had recorded fractional to 2-cent gains heading into the break, so the current move appears to be a modest pullback rather than a material market shock.

Analysis

Wheat is trading with early losses across the three exchanges on Monday as markets reopen after the long weekend. Chicago SRW futures had recorded fractional to 2-cent gains heading into the break, so the current move appears to be a modest pullback rather than a material market shock.