Quiet, Lower Trade in KC Wheat Futures
Aug 31, 2011
Kansas City wheat futures quietly traded lower this morning, approaching yesterday's lows and finding some underlying support, according to traders.
It is hard to anticipate what to expect from trading on the last day of the month, traders added.
Spread trade in the Sep/Dec remained active on first notice of delivery day against the KC Sep contract.
Salina reported 465 contracts intended for delivery against the KC Sep contract, Wichita reported 66 intentions, and Hutchinson reported 8 contracts intended for delivery.
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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