KCBT Wheat Futures Surge
Feb 25, 2011
KCBT wheat futures bounced back quite nicely from the last couple of trading sessions, traders said. Prices were near their highs of the day at midsession. French wheat futures were higher overnight, lending to the stronger tone.
Export sales numbers were good at 1.113 million metric tonnes, which was above expectations. Purchases were made by Egypt, Turkey, Japan and Iraq in the past week.
KCBT wheat futures selling interest today was much diminished from the last two sessions, traders said.
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The KCTB, 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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