Chicago SRW May futures were up 9.75 cents last week but are trading lower Monday after weekend forecasts shifted wetter. The wheat complex traded mostly higher on Friday, with SRW closing mostly within 0.25 cents of unchanged; open interest declined (no figure provided). Near-term price direction is being driven by weather changes, implying modest, short-term volatility rather than a clear trend.
Chicago SRW May futures were up 9.75 cents last week but are trading lower Monday after weekend forecasts shifted wetter. The wheat complex traded mostly higher on Friday, with SRW closing mostly within 0.25 cents of unchanged; open interest declined (no figure provided). Near-term price direction is being driven by weather changes, implying modest, short-term volatility rather than a clear trend.
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