Why Wheat moves
Wheat fell clearly; no company news explains it.
Written after the close on ·
Why today
16,210 news analyzed todayWheat fell clearly; no company news explains it.
Wheat fell clearly in the last session while the S&P 500 rose slightly, so it moved against the market.
Over the last five trading days Wheat fell slightly, moving in line with a sharply falling S&P 500.
Wheat is still well above its lowest close of the past year.
Today's move of −1.46% was 1.2 times a normal day's 1.2%. S&P 500 moved +0.31% on the same day.
Wheat −1.46%S&P 500 +0.31%Against the market
Earlier days
+0.13% market −4.41% Wheat barely moved. Read →
Wheat barely moved.
The S&P 500 fell very sharply that day, so wheat held up much better than the market.
Trading was around its usual level and the move was an ordinary one for wheat.
No company news explains it, since wheat is a commodity and not a company.
Over the last five trading days wheat was roughly unchanged.