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Market Impact: 0.22

Wheat Falling Back on Tuesday

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows

Wheat prices are weakening, with losses of 3 to 5 cents across most contracts and Chicago SRW down about fractionally to 5 cents. Kansas City HRW futures are also lower by roughly 4¼ to 10 cents. Open interest rose by 6,116 contracts on Monday, suggesting increased participation as the complex trends lower.

Analysis

Wheat prices are weakening, with losses of 3 to 5 cents across most contracts and Chicago SRW down about fractionally to 5 cents. Kansas City HRW futures are also lower by roughly 4¼ to 10 cents. Open interest rose by 6,116 contracts on Monday, suggesting increased participation as the complex trends lower.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.12