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Market Impact: 0.18

Wheat Falling Back on Wednesday

Commodities & Raw MaterialsCommodity Futures

Wheat futures are modestly lower mid-session Wednesday: Chicago SRW is down 2-8 cents, and KC HRW is off 3-7 cents. Minneapolis spring wheat is also lower (down about 2 cents). Overnight, there were 4 deliveries against July futures, suggesting limited near-term supply tightening but overall downside pressure remains.

Analysis

Wheat futures are modestly lower mid-session Wednesday: Chicago SRW is down 2-8 cents, and KC HRW is off 3-7 cents. Minneapolis spring wheat is also lower (down about 2 cents). Overnight, there were 4 deliveries against July futures, suggesting limited near-term supply tightening but overall downside pressure remains.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15

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