The KCBT Review, the daily newsletter that the traders at the Kansas City Board of Trade use on a daily basis to keep on top of the market, is the most comprehensive source for cash wheat, grain and futures information. The Kansas City Board of Trade Review is produced by the KCBT staff every day the market is in session for KCBT traders and features a daily wrap up of the grain market for both cash and futures.

 

Dec. 30, 2009 KCBT Review Newsletter   (PDF)

 

 

Highlights from Dec. 30:

 

The basis was unchanged to 1 cent higher, with the 12.0 through 12.4 proteins 1 cent higher.

 

Dec shipment was at 30 over KCBT March. Wheat for Jan shipment was 30 over March. Wheat for Feb shipment was 30 over March.

 

The Pacific Northwest wheat markets were unchanged today. Last half of December soft white wheat values were unchanged at 5.10 today. Last half of December hard red spring wheat values were unquoted over MGE March futures. Hard red winter wheat values for last half of December shipment were unquoted over KCBT Mar wheat futures.

 

Kansas City wheat futures bounced higher today, finding technical and speculative support, according to traders. Fundamentally, there is nothing out there to support wheat futures right now, traders said. Speculation that hedge funds will begin buying into wheat and corn next Friday with some new money coming into the New Year kept sellers on edge today, traders added. Some position squaring ahead of the New Year was also featured.

 

KC Mar wheat settled 2 1/2 cents higher at $5.40 1/2.

 

Today's trading volume was estimated at 6,890 contracts.

 

Read the entire KCBT Review Newsletter  (PDF)

 

 

………………………

 

Previous editions can also be found on the website. Simply click on the date you would like to view or download on this page: KCBT Review Newsletter Archive. 

 

 

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.  

 

The KCBT Review, the daily newsletter that the traders at the Kansas City Board of Trade use on a daily basis to keep on top of the market, is the most comprehensive source for cash wheat, grain and futures information. The Kansas City Board of Trade Review is produced by the KCBT staff every day the market is in session for KCBT traders and features a daily wrap up of the grain market for both cash and futures.

 

Dec. 28, 2009 KCBT Review Newsletter  (PDF)

 

 

Highlights from Dec. 28:

 

There were no changes in the protein premium scale today.

 

Dec shipment was at 30 over KCBT March. Wheat for Jan shipment was 30 over March. Wheat for Feb shipment was 30 over March.

 

The Pacific Northwest wheat markets were unchanged today. Last half of December soft white wheat values were unchanged at 4.95 today. Last half of December hard red spring wheat values were unquoted over MGE March futures. Hard red winter wheat values for last half of December shipment were unquoted over KCBT Mar wheat futures.

 

Kansas City wheat futures led early a rally that seeped into grain markets today after a winter storm that covered the Midwest and Great Plains over the three-day holiday weekend, according to traders. A lack of farmer selling due to little movement in the country and some new fund money ahead of the New Year drove the markets higher today, traders said. The U.S. Dollar also traded lower today, supporting gains in commodities, traders added.

 

The corn harvest that was already delayed due to wet weather this fall will face possible abandonment due to the snowfall on remaining fields, traders said. Outside markets were influential in today's rally.

 

KC Mar wheat settled 24 1/2 cents higher at $5.46.

 

Today's trading volume was estimated at 9,607 contracts.

 

 

Read the entire KCBT Review Newsletter  (PDF)

 

 

………………………

 

Previous editions can also be found on the website. Simply click on the date you would like to view or download on this page: KCBT Review Newsletter Archive. 

 

 

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.  

 

The KCBT Review, the daily newsletter that the traders at the Kansas City Board of Trade use on a daily basis to keep on top of the market, is the most comprehensive source for cash wheat, grain and futures information. The Kansas City Board of Trade Review is produced by the KCBT staff every day the market is in session for KCBT traders and features a daily wrap up of the grain market for both cash and futures.

 

Dec. 23, 2009 KCBT Review Newsletter  (PDF)

 

 

Highlights from Dec. 23:

 

There were no changes in the protein premium scale today.

 

Dec shipment was at 30 over KCBT March. Wheat for Jan shipment was 30 over March. Wheat for Feb shipment was 30 over March.

 

The Pacific Northwest wheat markets were n/a to higher today. Last half of December soft white wheat values were 10 cents higher at 4.95 today. Last half of December hard red spring wheat values were unquoted over MGE March futures. Hard red winter wheat values for last half of December shipment were unquoted over KCBT Mar wheat futures.

 

 

A weaker U.S. Dollar and bounce higher in feed grains allowed Kansas City wheat futures to trade higher in today's session, according to traders. There was some influence of new money in the market, but very little going into the Christmas holiday, traders said. KC Mar continues to trade within the range of $5.10 to $5.25, traders added. Yesterday's USDA crop progress reports indicated that 95% of the U.S. corn crop has been harvested, delayed by winter weather in the Midwest.

 

The Great Plains are experiencing a winter storm today and going into the holiday weekend. KC Mar wheat settled 5 3/4 cents higher at $5.23.

 

Today's trading volume was estimated at 9,932 contracts.

 

 

Read the entire KCBT Review Newsletter  (PDF)

 

 

………………………

 

Previous editions can also be found on the website. Simply click on the date you would like to view or download on this page: KCBT Review Newsletter Archive. 

 

 

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.  

 

The KCBT Review, the daily newsletter that the traders at the Kansas City Board of Trade use on a daily basis to keep on top of the market, is the most comprehensive source for cash wheat, grain and futures information. The Kansas City Board of Trade Review is produced by the KCBT staff every day the market is in session for KCBT traders and features a daily wrap up of the grain market for both cash and futures.

 

Dec. 21, 2009 KCBT Review Newsletter   (PDF)

 

 

Highlights from Dec. 17:

 

The basis was unchanged to 3 cents lower today, with the ordinaries and 11.4 through 12.4 percent down 3 cents.

 

Dec shipment was at 30 over KCBT March. Wheat for Jan shipment was 30 over March. Wheat for Feb shipment was 30 over March.

 

The Pacific Northwest wheat markets were unchanged to higher today. Last half of December soft white wheat values were 5 cents higher at 4.95 today. Last half of December hard red spring wheat values were unquoted over MGE March futures. Hard red winter wheat values for last half of December shipment were unquoted over KCBT Mar wheat futures.

 

Kansas City wheat futures were lower on Monday, trying to rally but unable to get through Friday's high of $5.25 1/2 in the March 2010 contract, traders said. The March contract reached as high as $5.24 1/2. The market was lower on rain and snow in the forecast for hard red winter wheat areas, which will be beneficial to the crop.

 

There was talk of Egypt putting together a long-term deal to buy Russian wheat, which was weighing on wheat pricing.

 

Volume was light, expectedly so in front of the Christmas and New Years holidays.

 

KC Mar wheat settled 8 cents lower at $5.16 1/4. Today's trading volume was estimated at 5,703 contracts.

 

 

Read the entire KCBT Review Newsletter    (PDF)

 

 

………………………

 

Previous editions can also be found on the website. Simply click on the date you would like to view or download on this page: KCBT Review Newsletter Archive. 

 

 

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.  

 

The KCBT Review, the daily newsletter that the traders at the Kansas City Board of Trade use on a daily basis to keep on top of the market, is the most comprehensive source for cash wheat, grain and futures information. The Kansas City Board of Trade Review is produced by the KCBT staff every day the market is in session for KCBT traders and features a daily wrap up of the grain market for both cash and futures.

 

Dec. 17, 2009 KCBT Review Newsletter  (PDF)

 

 

Highlights from Dec. 17:

 

The basis was 2 cents lower to 18 cents lower today. Ordinaries were down 2 cents; 11.2 percent were down 8 cents; 11.2 and 11.6 percent were down 15 cents; 11.8 percent was down 18 cents; 12 through 12.2 and 12.6 through 14  percent were down 10 cents; and 12.4 percent was down 12 cents.

 

Dec shipment was at 35 over KCBT March. Wheat for Jan shipment was 30 over March. Wheat for Feb shipment was 30 over March.

 

The Pacific Northwest wheat markets were lower to unquoted today. Last half of December soft white wheat values were 10 cents lower at 4.90 today. Last half of December hard red spring wheat values were unquoted over MGE March futures. Hard red winter wheat values for Last half of December shipment were unquoted over KCBT Mar wheat futures.

 

Kansas City wheat futures were lower on Thursday on influence from outside markets, traders said. The U.S. Dollar was higher, breaking through recent highs, which was breaking the grain markets. Also corn and soybeans traded lower. Export sales were rated as fair, reported by the USDA as 345,000 metric tonnes, with previous estimates at 300,000 to 400,000 metric tonnes. No significant impact to the wheat market was seen, traders said.

 

Trading volume was light in typical pre-holiday trade.

 

KC Mar wheat settled 15 1/2 cents lower at $5.15.

 

Today's trading volume was estimated at 11,807 contracts.

 

Read the entire KCBT Review Newsletter    (PDF)

 

 

………………………

 

Previous editions can also be found on the website. Simply click on the date you would like to view or download on this page: KCBT Review Newsletter Archive. 

 

 

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.  

The KCBT Review, the daily newsletter that the traders at the Kansas City Board of Trade use on a daily basis to keep on top of the market, is the most comprehensive source for cash wheat, grain and futures information. The Kansas City Board of Trade Review is produced by the KCBT staff every day the market is in session for KCBT traders and features a daily wrap up of the grain market for both cash and futures.

 

Dec. 15, 2009 KCBT Review Newsletter    (PDF)

 

 

Highlights from Dec. 15:

 

The basis was unchanged to 8 cents lower today, with the ordinary at 5 cents lower; 11.0 and 11.2 proteins at 8 cents lower; 11.4 proteins at 1 cent lower; 11.6 proteins at 2 cents lower; 11.8 proteins at 1 cent lower; 12.0 proteins at 3 cents lower; 12.2 proteins at 4 cents lower; and 12.4 proteins at 7 cents lower

 

Dec shipment was at 35 over KCBT March. Wheat for Jan shipment was 30 over March. Wheat for Feb shipment was 30 over March.

 

The Pacific Northwest wheat markets unchanged today. First half of December soft white wheat values were unchanged at 5.00 today. First half of December hard red spring wheat values were unquoted over MGE March futures. Hard red winter wheat values for first half of December shipment were unchanged at 30c over KCBT Mar wheat futures.

 

Kansas City wheat futures were indirectly influenced by weakness in the Euro, which gave strength to the U.S. Dollar and in turn weakened wheat prices. Light, preholiday trading was seen following the expiration of the December 2009 contract yesterday.

 

Fundamental pressure was seen as the United States is not price competitive on the world market and world supply of wheat is sufficient, traders said.

 

There were no delivery intentions to report against the KCBT Dec wheat futures contract today.

 

KC Mar wheat settled 7 1/2 cents lower at $5.26 1/2.

 

Today's trading volume was estimated at 15,060 contracts.

 

 

Read the entire KCBT Review Newsletter    (PDF)

 

 

………………………

 

Previous editions can also be found on the website. Simply click on the date you would like to view or download on this page: KCBT Review Newsletter Archive. 

 

 

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.  

The KCBT Review, the daily newsletter that the traders at the Kansas City Board of Trade use on a daily basis to keep on top of the market, is the most comprehensive source for cash wheat, grain and futures information. The Kansas City Board of Trade Review is produced by the KCBT staff every day the market is in session for KCBT traders and features a daily wrap up of the grain market for both cash and futures.

 

Dec. 8, 2009 KCBT Review Newsletter  (PDF)

 

 

Highlights from Dec. 8:

 

The basis was unchanged in Kansas City today.

 

Dec shipment was at 35 over KCBT March. Wheat for Jan shipment was n/b over March. Wheat for Feb shipment was n/b over March.

 

The Pacific Northwest wheat markets were unchanged today. First half of December soft white wheat values were unchanged at 5.05 today. First half of December hard red spring wheat values were unquoted over  MGE March futures. Hard red winter wheat values for first half of December shipment were unchanged at 30c over KCBT Mar wheat futures.

 

KCBT wheat futures saw moderate amount of trading on Tuesday, with December usually being a fairly light trading volume month. Wheat futures continued the lower trend seen the last few days, traders said.

 

Outside markets continued exerting pressure on wheat pricing, with the U.S. Dollar higher and crude oil and gold lower. Investment money slowly coming into the market was a factor also, traders said.

 

There were no delivery intentions to announce against the KCBT Dec 2009 wheat futures contract today.

 

Today's trading volume was estimated at 10,038 contracts.

 

Today's trading volume was estimated at 9,249 contracts.

 

 

Read the entire KCBT Review Newsletter  (PDF)

 

 

………………………

 

Previous editions can also be found on the website. Simply click on the date you would like to view or download on this page: KCBT Review Newsletter Archive. 

 

 

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.  

 

The KCBT Review, the daily newsletter that the traders at the Kansas City Board of Trade use on a daily basis to keep on top of the market, is the most comprehensive source for cash wheat, grain and futures information. The Kansas City Board of Trade Review is produced by the KCBT staff every day the market is in session for KCBT traders and features a daily wrap up of the grain market for both cash and futures.

 

Dec. 7, 2009 KCBT Review Newsletter   (PDF)

 

Highlights from Dec. 7:

  

The basis was unchanged in Kansas City today.

 

Dec shipment was at 35 over KCBT March. Wheat for Jan shipment was n/b over March. Wheat for Feb shipment was n/b over March.

 

The Pacific Northwest wheat markets were mixed today. First half of December soft white wheat values were 5 cent lower at 5.05 today. First half of December hard red spring wheat values were unquoted over MGE March futures. Hard red winter wheat values for first half of December shipment were unchanged at 30c over KCBT Mar wheat futures.

 

KCBT wheat futures on Monday continued the lower trend seen late last week, traders said. Wheat was following the lower lead of crude oil and gold today, traders added. The U.S. Dollar traded both sides of unchanged today. Volume was noted as light by traders in typical December fashion.

 

More-than-adequate world supplies continued to weigh on wheat pricing. Favorable weather conditions are expected for the newly planted crop with a winter storm expected in the plains area this week.

 

There were no delivery intentions to announce against the KCBT Dec 2009 wheat futures contract today.

 

Today's trading volume was estimated at 9,249 contracts.

 

 

Read the entire KCBT Review Newsletter   (PDF)

 

 

………………………

 

Previous editions can also be found on the website. Simply click on the date you would like to view or download on this page: KCBT Review Newsletter Archive. 

 

 

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.  

 

The KCBT Review, the daily newsletter that the traders at the Kansas City Board of Trade use on a daily basis to keep on top of the market, is the most comprehensive source for cash wheat, grain and futures information. The Kansas City Board of Trade Review is produced by the KCBT staff every day the market is in session for KCBT traders and features a daily wrap up of the grain market for both cash and futures.

 

Dec. 2, 2009 KCBT Review Newsletter  (PDF)

 

 

Highlights from Dec. 1:

 

The basis was 5 cents lower to 2 cents higher today, with the ordinary proteins 2 cents higher; 11.2 through 12.0 proteins 3 cents lower; and 12.2 through 13.0 proteins 5 cents lower.

 

Dec shipment was at 35 over KCBT March. Wheat for Jan shipment was n/b over March. Wheat for Feb shipment was n/b over March.

 

The Pacific Northwest wheat markets were mixed today. First half of December soft white wheat values were 10 cents higher at 5.05 today. First half of December hard red spring wheat values were 15 cents lower at 130 over MGE March futures. Hard red winter wheat values for first half of December shipment were unchanged at 20c over KCBT Mar wheat futures.

 

Kansas City wheat futures moved lower today, pressured by stronger trade in the U.S. Dollar today and follow-through from yesterday's poor performance on the close, according to traders.

 

Ideas the market was overbought and filling in the gap that was left from Monday's investment-inspired rally kept prices under pressure today, traders added.

 

STATS Canada is scheduled to release a wheat production estimate tomorrow that is estimated to be an increase from last month's report, according to traders.

 

There were no delivery intentions reported again today against the KC Dec contract. KC Dec wheat settled 5 3/4 cents lower at $5.51.

 

Today's trading volume was estimated at 7,347 contracts.

 

 

Read the entire KCBT Review Newsletter (PDF)

 

 

………………………

 

Previous editions can also be found on the website. Simply click on the date you would like to view or download on this page: KCBT Review Newsletter Archive. 

 

 

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.  

 

 

The KCBT Review, the daily newsletter that the traders at the Kansas City Board of Trade use on a daily basis to keep on top of the market, is the most comprehensive source for cash wheat, grain and futures information. The Kansas City Board of Trade Review is produced by the KCBT staff every day the market is in session for KCBT traders and features a daily wrap up of the grain market for both cash and futures.

 

Dec. 1, 2009 KCBT Review Newsletter  (PDF)

 

 

Highlights from Dec. 1:

 

The basis was unchanged to 10 cents higher today, with the ordinary proteins 7 cents higher, and the 13.6 through 14.0 proteins 10 cents higher.

 

Dec shipment was at 35 over KCBT March. Wheat for Jan shipment was n/b over March. Wheat for Feb shipment was n/b over March.

 

The Pacific Northwest wheat markets were unchanged to higher today. First half of December soft white wheat values were 10 cents higher at 5.05 today. First half of December hard red spring wheat values were unchanged at 145 over MGE March futures. Hard red winter wheat values for first half of December shipment were unchanged at 20c over KCBT Mar wheat futures.

 

Kansas City wheat futures traded both sides of unchanged today, retreating from early morning gains by the end of the session. The market traded higher early on new money coming into the market on the first of the month, traders said. A weaker U.S. Dollar also supported the gains in wheat futures, traders added. Ideas the market is overbought and a lack of fundamental support contributed to the late sell off, traders said. Profit taking and weakness in soybean futures also weighed on the wheat markets, traders added.

 

There were no delivery intentions in Kansas City today.

 

KC Dec wheat settled 3 3/4 cents lower at $5.56 3/4.

 

Today's trading volume was estimated at 14,486 contracts.

 

Read the entire KCBT Review Newsletter  (PDF)

 

 

………………………

 

Previous editions can also be found on the website. Simply click on the date you would like to view or download on this page: KCBT Review Newsletter Archive. 

 

 

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.