KC Wheat Gives Back Gains
Jul 06, 2011
Kansas City wheat futures gave back gains posted in yesterday's session this morning as the market is under pressure in general with not a lot of news, according to traders.
China raised reserve requirements again, by .25%, traders said.
French wheat futures traded lower overnight, carrying over into U.S. markets.
Jordan has announced a tender for 150,000 metric tonnes of HRW wheat that is assumed to be of Russian origin, traders said.
USDA crop progress reports yesterday showed a 1% increase in Spring wheat ratings from 69% good to excellent last week to 70% this week.
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.
