Wheat Market Volatility Ahead of Labor Day The wheat market's recent downturn ahead of the Labor Day holiday weekend warrants closer examination in light of broader market trends and their implications for US farmers.
The Chicago SRW contracts took a significant hit, plummeting 20 to 21. 5 cents on Friday, with December contracts dropping by as much as 50 cents this week.
Kansas City HRW futures also suffered losses, ranging from 11. 75 to 15 cents at closing time, while December contracts slipped back 42 cents from last Friday's close. MPLS spring wheat fared no better, trading 19.