November 2009 Archive for KCBT Review

The KCBT Review, the daily newsletter that the traders at the Kansas City Board of Trade use on a daily basis to keep on top of the market, is the most comprehensive source for cash wheat, grain and futures information. The Kansas City Board of Trade Review is produced by the KCBT staff every day the market is in session for KCBT traders and features a daily wrap up of the grain market for both cash and futures.

 

Nov. 30, 2009 KCBT Review Newsletter (PDF)

 

Highlights from Nov. 30:

 

The basis was 4 cents lower to 12 cents higher today, with the 11.2, 11.4, and 12.0 proteins 2 cents lower; 11.6 and 11.8 proteins 4 cents lower; 13.6 proteins 12 cents higher; and 13.8 and 14.0 proteins 11 cents higher.

 

Dec shipment was at 35 over KCBT March. Wheat for Jan shipment was n/b over March. Wheat for Feb shipment was n/b over March.

 

The Pacific Northwest wheat markets were unchanged today. First half of December soft white wheat values were unchanged at 4.95 today. First half of December hard red spring wheat values were unchanged at 145 over MGE March futures. Hard red winter wheat values for first half of December shipment were unchanged at 20c over KCBT Mar wheat futures.

 

A weaker U.S. Dollar today supported strength in Kansas City wheat futures, according to traders. Some month-end buying came into the marketplace today as the Dollar moved lower, traders added.

 

Weekly wheat export inspections for wheat this morning were estimated at 14.7 million bushels, down from last week's estimate of 16.1 million bushels. There were no deliveries reported this morning in Kansas City on First Notice Day of Delivery against KC Dec futures.

 

KC Dec wheat settled 17 3/4 cents higher at $5.60 1/2.

 

Today's trading volume was estimated at 17,789 contracts.

 

Read the entire KCBT Review Newsletter (PDF)

 

 

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Previous editions can also be found on the website. Simply click on the date you would like to view or download on this page: KCBT Review Newsletter Archive. 

 

 

The KCBT, founded in 1856, is Kansas City's oldest business and the world's largest futures market for hard red winter wheat. Daily quotes, market commentary, historical data and charting services are available on our website at www.kcbt.com.  

 

The KCBT Review, the daily newsletter that the traders at the Kansas City Board of Trade use on a daily basis to keep on top of the market, is the most comprehensive source for cash wheat, grain and futures information. The Kansas City Board of Trade Review is produced by the KCBT staff every day the market is in session for KCBT traders and features a daily wrap up of the grain market for both cash and futures.

 

Nov. 24, 2009 KCBT Review Newsletter  (PDF)

 

Highlights from Nov. 24:

 

The basis was unchanged to 6cents higher today, with the ordinary protein levels 6 cents higher. The basis will roll to March futures tomorrow.

 

Nov shipment was at 41 over KCBT December. Wheat for Dec shipment was n/b over December. Wheat for Jan shipment was n/b over March.

 

The Pacific Northwest wheat markets were unchanged to higher today. First half of December soft white wheat values were 10 cents higher at 5.05 today. First half of December hard red spring wheat values were unchanged at 145 over MGE March futures. Hard red winter wheat values for first half of December shipment were unchanged at 20c over KCBT Mar wheat futures.

 

Today marked a significant amount of liquidation in Kansas City wheat futures, approaching the Thanksgiving Day holiday and Monday's first notice of delivery against the Kansas City December contract, traders said.

 

There was an overall lack of buying interest in the market today, and KC wheat futures took direction from yesterday's poor technical close, traders said. The investment money that has been buying into wheat futures the past few weeks was absent today, and liquidation ensued. The KC Dec/Mar spread traded actively today at 16 to 16 1/4 cents. Conditions are favorable at this time in HRW wheat growing areas, traders added. KC Dec wheat settled 24 1/2 cents lower at $5.29 1/2.

 

Today's trading volume was estimated at 30,913 contracts.

 

Read the entire KCBT Review Newsletter  (PDF)

 

 

………………………

 

Previous editions can also be found on the website. Simply click on the date you would like to view or download on this page: KCBT Review Newsletter Archive. 

 

 

The KCBT, founded in 1856, is Kansas City's oldest business and the world's largest futures market for hard red winter wheat. Daily quotes, market commentary, historical data and charting services are available on our website at www.kcbt.com.