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Market Impact: 0.35

Wheat Facing Pressure on Friday

Commodity FuturesCommodities & Raw MaterialsEnergy Markets & PricesMarket Technicals & FlowsGeopolitics & War

Wheat futures are down double digits across most contracts, with Chicago SRW off 13 cents, as crude oil falls $2.08/bbl and money flows out ahead of the weekend. The market is also weighing the President's review of a proposed US-Iran agreement, adding a geopolitically cautious tone to grain and energy trading.

Analysis

Wheat futures are down double digits across most contracts, with Chicago SRW off 13 cents, as crude oil falls $2.08/bbl and money flows out ahead of the weekend. The market is also weighing the President's review of a proposed US-Iran agreement, adding a geopolitically cautious tone to grain and energy trading.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.42