KCBT Wheat Trades Lower with Corn
Jul 29, 2011
Kansas City wheat futures traded lower this morning, pressured by expected rainfall in dry areas of the U.S. Corn Belt over the weekend, according to traders.
A break in the weather should bring some relief to the northern plains region of the U.S., traders said. In export news, Egypt purchased 240,000 metric tonnes of wheat from Russia.
The spring wheat tour concluded yesterday with an estimate of 41.5 bushels per acre.
KC Sep wheat was 15 1/2 cents lower at $7.68 at midday.
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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