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Market Impact: 0.2

Wheat Posting Friday Morning Strength

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

Chicago SRW futures rose 4.5–7.25 cents in the front months on Thursday and open interest increased by 2,130 contracts; KC HRW futures were also up about 4 cents, and wheat is trading higher Friday AM. The moves indicate renewed buying interest in the wheat complex, but price changes were modest.

Analysis

Chicago SRW futures rose 4.5–7.25 cents in the front months on Thursday and open interest increased by 2,130 contracts; KC HRW futures were also up about 4 cents, and wheat is trading higher Friday AM. The moves indicate renewed buying interest in the wheat complex, but price changes were modest.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.20