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Market Impact: 0.25

Wheat Slipping on Friday Morning

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & Positioning

Wheat is trading 1 to 3 cents lower Friday morning after broad pressure across the wheat complex on Thursday. Chicago SRW futures fell 5 to 13 cents, and open interest rose by 4,868 contracts, suggesting fresh selling interest. KC HRW was also mentioned as weaker, indicating a cautious tone across wheat futures.

Analysis

Wheat is trading 1 to 3 cents lower Friday morning after broad pressure across the wheat complex on Thursday. Chicago SRW futures fell 5 to 13 cents, and open interest rose by 4,868 contracts, suggesting fresh selling interest. KC HRW was also mentioned as weaker, indicating a cautious tone across wheat futures.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.20