December 2010 Archive for KCBT Review

RSS By: Kansas City Board of Trade, AgWeb.com

The Kansas City Board of Trade provides a daily newsletter, the KCBT Review, which traders at the Kansas City Board of Trade use on a daily basis to keep on top of the market.

Exports Below Expectations

Dec 30, 2010

Kansas City wheat futures traded lower today, continuing some profit taking that began in yesterday's session and feeling pressure from lower-than-anticipated wheat export sales, according to traders.

The USDA estimated wheat exports at 438,500 metric tonnes, including 431,400 metric tonnes of old crop and 7,100 metric tonnes of new crop wheat. Previous estimates ranged from 450,000 to 650,000 metric tonnes.

In other export business, Iraq is tendering for 100,000 metric tonnes of wheat, Turkey is in for 300,000 metric tonnes, and Bangladesh is tendering for 50,000 metric tonnes of wheat, traders said.

Jobless claims released this morning were the lowest since July of 2008, traders added.

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 .

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

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KC Wheat Trades Higher

Dec 13, 2010

Kansas City wheat futures traded higher this morning, bouncing off of lows that were met in Friday's session, according to traders. The U.S. Dollar was trading lower this morning in reaction to news that China will not raise interest rates, contrary to what was reported on Friday, traders said. Brazil received some rain over the weekend, and there is more in the next four to seven day forecast. Concerns about quality of wheat in Australia due to excess moisture continue to support wheat futures, traders said.

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

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Concerns Regarding Lack of Milling Quality Wheat

Dec 08, 2010

Kansas City wheat futures traded both sides of unchanged this morning, opening lower on follow-through from yesterday's session, according to traders.

The U.S. Dollar traded firmer this morning, also weighing on opening prices. Wheat prices bounced higher after a lack of follow-through selling and followed a turn higher in corn futures, traders said.

Concerns regarding a lack of milling quality wheat in the world continues to influence strength in the marketplace, traders added. Some rain fell overnight in Western Kansas but in minimal amounts, traders said.

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

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