FX.co ★ Speculative Positions in Wheat Show Slight Improvement in Latest CFTC Data

In the most recent update from the Commodity Futures Trading Commission (CFTC) on May 30, 2025, speculative net positions in wheat futures demonstrated a minimal improvement. The data revealed that the net positions stood at -98.8K, a slight uptick from the previous level of -99.6K.

This marginal change suggests a cautious shift among traders with slightly reduced short positions on wheat futures. Wheat markets have been experiencing significant volatility due to ongoing geopolitical tensions, supply chain disruptions, and variable global demand. Consequently, the improvement in speculative net positions might indicate a subtle change in sentiment regarding the future price direction of wheat.

Market analysts are closely monitoring these developments, as any notable change in speculative positions could signal broader market trends or shifts in trader outlooks. However, the generally negative sentiment is still apparent, signifying continued market caution against a backdrop of uncertain economic conditions and potential policy developments affecting agricultural commodities.