KC Wheat Trades Higher
Dec 13, 2010
Kansas City wheat futures traded higher this morning, bouncing off of lows that were met in Friday's session, according to traders. The U.S. Dollar was trading lower this morning in reaction to news that China will not raise interest rates, contrary to what was reported on Friday, traders said. Brazil received some rain over the weekend, and there is more in the next four to seven day forecast. Concerns about quality of wheat in Australia due to excess moisture continue to support wheat futures, traders said.
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