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Market Impact: 0.2

Wheat Slide Extending to Early Tuesday Action

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows

Wheat prices are lower in early Tuesday trade after Monday’s losses across exchanges. Chicago SRW futures closed down 8 to 10 1/4 cents, with July seeing 25 delivery notices on first notice day. KC HRW futures were indicated down 3 3/4 cents (at last reported), signaling ongoing near-term bearish momentum in the wheat complex.

Analysis

Wheat prices are lower in early Tuesday trade after Monday’s losses across exchanges. Chicago SRW futures closed down 8 to 10 1/4 cents, with July seeing 25 delivery notices on first notice day. KC HRW futures were indicated down 3 3/4 cents (at last reported), signaling ongoing near-term bearish momentum in the wheat complex.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25

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