Outside Markets Influence KC Wheat
Oct 25, 2010
Kansas City wheat futures traded stronger today, mostly influenced by outside markets, according to traders. The U.S. Dollar was trading weaker today and gold was trading higher, traders said.
Favorable rains in Oklahoma and Texas fell over the weekend, but rainfall amounts in Kansas were fairly disappointing, traders said.
Outside of the U.S., Russia experienced some beneficial rain for the winter wheat crop, but colder weather is in the forecast that could be harmful, according to traders.
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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