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Market Impact: 0.15

Wheat Falls Lower on Friday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

Wheat futures eased into the weekend, with Chicago SRW closing 2.25 to 3.25 cents lower and KC HRW down fractionally to 3.75 cents. Despite the late-week weakness, July Chicago SRW still finished 4.5 cents higher on the week and July KC HRW was up 13.75 cents, pointing to only a modestly negative near-term tone.

Analysis

Wheat futures eased into the weekend, with Chicago SRW closing 2.25 to 3.25 cents lower and KC HRW down fractionally to 3.75 cents. Despite the late-week weakness, July Chicago SRW still finished 4.5 cents higher on the week and July KC HRW was up 13.75 cents, pointing to only a modestly negative near-term tone.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15