Wheat Market MELTDOWN! 91,665 Contracts Bet AGAINST It NOW!
Why are traders betting against wheat at an alarming rate? Wheat futures are experiencing significant losses across all major contracts this Friday, even as the USDA unveils a Farm Bridge Assistance program offering nearly forty dollars per acre to farmers. This downturn is intensified by speculative traders dramatically increasing their net short positions to over 91,000 contracts, signaling strong bearish sentiment in the market. Prices for Chicago SRW, KC HRW, and MPLS spring wheat are all down several cents to kick off the new year. Despite upcoming export sales data, the clear market consensus points to continued easing. Don't miss out on crucial market updates like this; make sure to subscribe to our channel for the latest financial news!
Tags/Hashtags: #wheat #futures #usda #barchart #usda #barchart
Leave a Reply