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Wheat Fading Back Lower at Midday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsEnergy Markets & PricesMarket Technicals & Flows

Chicago SRW futures fell 10–13¢ and Kansas City HRW futures declined 2–4¢, while Minneapolis spring wheat was fractionally mixed at midday. Crude oil was up $3.97 at midday (the article notes it is nearly $25 higher from an unspecified reference). These are intraday commodity price moves with no additional context on drivers or duration provided.

Analysis

Chicago SRW futures fell 10–13¢ and Kansas City HRW futures declined 2–4¢, while Minneapolis spring wheat was fractionally mixed at midday. Crude oil was up $3.97 at midday (the article notes it is nearly $25 higher from an unspecified reference). These are intraday commodity price moves with no additional context on drivers or duration provided.

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