KCBT Wheat Futures Start Week Lower after Holiday
Sep 06, 2011
Kansas City wheat futures were under pressure Tuesday morning from outside markets as crude oil and equities were lower, while the U.S. Dollar was higher.
Technically, the market took out last week's low and the 100-day moving average, which prompted liquidation.
Traders remained concerned about disappointing rainfall for southern plains states through last week but the macro forces were winning out, 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.
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