KC Wheat under Pressure from Outside Markets
Sep 19, 2011
Kansas City wheat futures traded lower this morning under pressure mostly from outside market activity, according to traders.
The U.S. dollar was trading stronger today on concerns about the European debt and particularly the status of the Greek economy, traders said.
Rainfall over the weekend in hard red winter wheat areas also weighed on prices in Kansas City today.
While some places missed rainfall, several areas received decent amounts that helped a little going into the planting season, traders said.
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.
