Wheat Market: Bearish Bets and Export Headwinds

Wheat weathers a week of losses! Despite midday rallies, Chicago, Kansas City, and Minneapolis wheat futures closed in the red after a disappointing USDA export sales report revealed sluggish demand. Nigeria led purchases, but order switches masked true sales. Rising export competition and bearish bets from money managers add pressure, painting a challenging picture for wheat prices next week. Hosted on Acast. See acast.com/privacy for more information.