KCBT Review

Optimism Regarding Greece Bailout Package

Oct 27, 2011

Kansas City wheat futures traded higher today, finding optimism regarding the bailout package for Greece that was decided overnight at the EU summit, according to traders.

The U.S. Dollar was trading dramatically lower this morning, supporting commodity markets, traders said. Fundamentally, Kansas City wheat futures were feeling some pressure today due to disappointing export sales reports of 316,800 metric tonnes.

A little bit of moisture fell in the southern Plains, traders said, and there is a chance for moisture in the forecast for early to mid-November.

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 .

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

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Outside Markets Pressure KC Wheat Futures

Oct 18, 2011

Kansas City wheat futures traded both sides of unchanged today, feeling some pressure early from outside markets, according to traders.

Concerns about the debt crisis in Greece prompted some weakness in the market today, traders said, along with some disappointing economic news out of China.

Dry weather remains in the forecast for hard red winter wheat areas, traders said, lending to a short-term rally.

Prices were swinging back and forth as a mixed tone was the main feature of the morning session.

USDA crop progress reports yesterday are estimating 73% of the U.S. winter wheat crop as planted and 44% emerged, according to traders.

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 .

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

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Mixed Trade in KC Wheat Futures

Oct 14, 2011

Kansas City wheat futures traded both sides of unchanged today, moving higher initially on USDA weekly wheat export sales reported at the high end of expectations, according to traders.

Export sales were estimated at 483,600 metric tonnes and previous estimates ranged from 300,000 to 500,000 metric tonnes, traders said.

Outside markets also brought some support with better-than-expected USDA retail sales reports, traders added.

KC wheat began to drift lower by midday but trading remained within a range amidst a quiet session.

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 .

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

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Ukraine Eliminates Tariffs for Wheat and Corn

Oct 07, 2011

Kansas City wheat futures traded lower this morning on news that the Ukraine has eliminated tariffs on wheat and corn and prompting weaker overnight trade in the European wheat market, traders said.

KC wheat also traded lower overnight.

A massive storm is still in the forecast this weekend for dry areas of the HRW wheat belt, traders added, also weighing on KC wheat futures prices.

Minneapolis hard red spring wheat futures were sharply higher today as short positions are being forced out of the December contract, traders said.

Employment numbers were better than expected this morning, firming up macro markets but failing to affect KC wheat prices, traders added.

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 .

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

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Further Liquidation in Markets

Oct 04, 2011

Kansas City wheat futures traded lower today in another day of technical liquidation, according to traders. Initial weakness was triggered by outside markets, with equities trading lower again this morning on global economic concerns.

In addition to outside markets, traders said, weakness in wheat came from Stats Canada announcing a new wheat production estimate of 24.16 million metric tonnes versus the last estimate of 23.2 million metric tonnes.

The possibility of some good storms in hard red winter wheat areas this weekend also weighed on Kansas City wheat futures this morning, traders added.

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.

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

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October 2011 Archive for KCBT Review

Optimism Regarding Greece Bailout Package

Outside Markets Pressure KC Wheat Futures

Mixed Trade in KC Wheat Futures

Ukraine Eliminates Tariffs for Wheat and Corn

Further Liquidation in Markets

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