Wheat Market Outlook - May 27, 2024

It is a short week, so Mercantile doesn’t see much change in the markets. The futures will be lightly traded and a little weaker by the and of the week, but thin according to Mercantile. Growers will sell some old crop and leave the new crop alone while weather is so variable. The funds will remain undecided. Mercantile would continue to hold new crop sales for the time being. Mercantile does not see a reason to sell any new crop while weather remains unpredictable.