KC Wheat Mixed, Moves Higher with Corn Futures
Nov 23, 2010
Kansas City wheat futures traded both sides of unchanged again today, initially weaker due to a stronger U.S. Dollar, traders said. The euro was lower again today, pressured by fears that Ireland's debt crisis could spread to other members of the euro zone, according to sources. A shelling exchange overnight between South and North Korea also added pressure to the euro, and strengthened the Dollar, traders said. After corn tested a psychological low near $5.00, corn futures came back and carried KC wheat higher along. While U.S. wheat crop ratings improved in yesterday's reports, western areas of Kansas are still in need of rain.
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