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Wheat Closes with Mixed Trade on Friday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

Wheat futures were broadly weaker on Friday, with Chicago SRW contracts down 1¾ to 6 cents on the day and July off 30½ cents for the week. KC HRW futures were mixed, with July edging up ½ cent. The action points to continued pressure in the wheat complex, though the move appears more commodity-specific than market-wide.

Analysis

Wheat futures were broadly weaker on Friday, with Chicago SRW contracts down 1¾ to 6 cents on the day and July off 30½ cents for the week. KC HRW futures were mixed, with July edging up ½ cent. The action points to continued pressure in the wheat complex, though the move appears more commodity-specific than market-wide.

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Market Sentiment

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mildly negative

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