# Wheat Pulling on Thursday - IBest Media

> Wheat futures traded lower at midday on Thursday after fading early gains, with Chicago contracts down 5 to 8 cents. The second day of the Kansas tour averaged 42.4 bushels per acre, and the two-day average of 45.8 was a three-year high.

- Date: 2024-05-16 · published 2024-05-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10912-wheat-pulling-on-thursday-ibest-media
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Kansas yield results running above the three-year average point to ample HRW supply, adding modest downward pressure on wheat. Routine price moves offer no new supply shock.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- ibestmedia.com: https://www.ibestmedia.com/post/27774.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.