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Wheat Slips Off Early Highs on Wednesday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

Wheat futures closed mostly higher, with Chicago SRW up 2 1/4 to 4 3/4 cents across most months and KC HRW steady to 5 1/4 cents higher; nearby July KC HRW was down 1/4 cent. Prices backed off intraday highs late in the session, indicating a modestly firmer but still cautious tone in the wheat complex.

Analysis

Wheat futures closed mostly higher, with Chicago SRW up 2 1/4 to 4 3/4 cents across most months and KC HRW steady to 5 1/4 cents higher; nearby July KC HRW was down 1/4 cent. Prices backed off intraday highs late in the session, indicating a modestly firmer but still cautious tone in the wheat complex.

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