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Market Impact: 0.35

Wheat Collapsing to Start Wednesday Trade

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsDerivatives & VolatilityMarket Technicals & Flows

Wheat plunged, posting double-digit losses across the three major exchanges early Wednesday. On Tuesday the complex was mixed: Chicago SRW futures were down roughly $0.01–$0.03 per bushel and KC HRW futures closed with fractional losses, indicating heightened short-term volatility in soft wheat contracts.

Analysis

Wheat plunged, posting double-digit losses across the three major exchanges early Wednesday. On Tuesday the complex was mixed: Chicago SRW futures were down roughly $0.01–$0.03 per bushel and KC HRW futures closed with fractional losses, indicating heightened short-term volatility in soft wheat contracts.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.30