Concerns Regarding Lack of Milling Quality Wheat
Dec 08, 2010
Kansas City wheat futures traded both sides of unchanged this morning, opening lower on follow-through from yesterday's session, according to traders.
The U.S. Dollar traded firmer this morning, also weighing on opening prices. Wheat prices bounced higher after a lack of follow-through selling and followed a turn higher in corn futures, traders said.
Concerns regarding a lack of milling quality wheat in the world continues to influence strength in the marketplace, traders added. Some rain fell overnight in Western Kansas but in minimal amounts, traders said.
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