Wheat Market: Futures Drop, Investors Trim Shorts

Wheat prices experienced a downturn across major markets, with Chicago soft red winter wheat, Kansas City hard red winter wheat, and Minneapolis spring wheat all seeing declines. However, large investors reduced their bets against wheat futures, and a significant private purchase by a South Korean importer added to the markets complexity. The upcoming export sales data and reduced short positions from managed money will provide further insights into the current wheat market landscape.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.