BC-Wheat Futures
Update: 2025-10-31
Description
Wheat prices dipped on October 31st, with the December contract closing at five hundred nineteen and a half per bushel, a few cents lower than the opening. Other contracts for delivery into next year also decreased by about five to seven cents each. The market saw less activity, with fewer contracts traded compared to the previous day. The December contract had the most action, with over twenty-two thousand contracts traded by ten in the morning. The open interest fell by almost eight thousand, suggesting traders are pulling back due to uncertainty. Lower prices and decreasing volumes could indicate less demand or more supply, but it could also be traders pausing after a busy period. The market is now watching for government crop reports and global events that might impact supply and demand.
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