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Wheat Holding Firm as USDA Cuts Production

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

Wheat futures are trading marginally mixed on Thursday, with hard red contracts firmer and Chicago SRW showing fractional losses. KC HRW is leading the complex higher, up 1 to 3 3/4 cents, while MPLS spring wheat is up 1 to 3 cents. The move appears modest and routine, with no major catalyst cited.

Analysis

Wheat futures are trading marginally mixed on Thursday, with hard red contracts firmer and Chicago SRW showing fractional losses. KC HRW is leading the complex higher, up 1 to 3 3/4 cents, while MPLS spring wheat is up 1 to 3 cents. The move appears modest and routine, with no major catalyst cited.

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