KCBT Wheat Futures Fall on Bearish News
Mar 08, 2011
Kansas City wheat futures were lower Tuesday morning on reports from China that soil moisture had improved and on some moisture in the U.S. hard red winter wheat belt, traders said.
Sudan announced a tender for 300,000 metric tonnes of optional origin wheat. Japan tendered for 135,823 tonnes of feed wheat from the United States, Canada and Australia.
Also, OPEC announced that they were going to lift output in April, which could ease oil prices, traders said.
There were no new delivery intentions to report today.
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.
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