KCBT Wheat Futures Trading Two-Sided
Mar 21, 2011
Kansas City wheat futures opened higher this morning on a weaker U.S. Dollar overnight and expectations of an announcement of large corn sales, traders said. However, the market was set back lower quickly.
There was disappointment because a corn sale was announced but it was smaller than expected at approximately 116,000 metric tonnes, traders said. Some support was being gathered from a lower U.S. Dollar, traders said.
KC May wheat was 1 cent higher at $8.46 at midday.
CASH GRAIN: Quiet and weak conditions were reported in the cash market this morning, 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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