Markets

Mid-Session Wheat Market Report

March wheat opened 12 1/4 cents higher on the session at 628 1/4 and established an early range of 614 1/4 to 629 1/4. Funds were active buyers early in the session to drive the market sharply higher on the day and to a new 8-session peak. However, once the short-covering from fund traders dried up, the market pushed to slightly lower on the session into the mid-session. Tunisia bought 75,000 tonnes of durum wheat at their tender today. Deliveries on first notice day were 440 contracts.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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