Mixed Trade in KC Wheat Futures
Oct 14, 2011
Kansas City wheat futures traded both sides of unchanged today, moving higher initially on USDA weekly wheat export sales reported at the high end of expectations, according to traders.
Export sales were estimated at 483,600 metric tonnes and previous estimates ranged from 300,000 to 500,000 metric tonnes, traders said.
Outside markets also brought some support with better-than-expected USDA retail sales reports, traders added.
KC wheat began to drift lower by midday but trading remained within a range amidst a quiet session.
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