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.

 

March 30, 2010 KCBT Review Newsletter    (PDF)

 

Highlights from March 30:

 

There were no changes in the protein premium scale in Kansas City today.

 

Mar shipment was at 42 over KCBT May. Wheat for Apr shipment was unq over May. Wheat for May shipment was unq over May.

 

The Pacific Northwest wheat markets were unchanged to higher today. Last half of March soft white wheat values were 5 cents higher at 4.70 today. Last half of March hard red spring wheat values were unchanged at 195 over MGE May futures. Hard red winter wheat values for last half of March shipment were 2 cents higher at 42 over KCBT May wheat futures.

 

Kansas City wheat futures traded higher today ahead of tomorrow's USDA prospective plantings and quarterly stocks reports, according with traders. Short-covering activity was attributed to the gains in the market ahead of the reports, traders added. Crop ratings released yesterday for individual states continue to be very good for HRW wheat areas, with Kansas now estimated at 70% good-to-very good, Oklahoma at 69%, and Texas at 60%. Moisture supplies remain excellent, traders said. The average wheat stocks estimate for tomorrow is 1.366 billion bushels, up from the March 10 estimate of 1.001 billion bushels.

 

KC May wheat settled 6 cents higher at $4.79 1/2. Today's trading volume was estimated at 14,250 contracts.

 

 

Read the entire KCBT Review Newsletter    (PDF)

 

 

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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.

 

March 17, 2010 KCBT Review Newsletter   (PDF)

 

Highlights from March 17:

 

The basis was unchanged to 2 cents higher, with the 11.2 protein levels 2 cents higher.

 

Mar shipment was at 45 over KCBT May. Wheat for Apr shipment was unq over May. Wheat for May shipment was unq over May.

 

The Pacific Northwest wheat markets were unchanged to higher today. Last half of March soft white wheat values were 5 cents higher at 4.70 today. Last half of March hard red spring wheat values were 7 cents higher at 185 over MGE May futures. Hard red winter wheat values for last half of March shipment were unchanged at 35 over KCBT May wheat futures.

 

Kansas City wheat futures extended gains today, moving through a psychological level of $5.00 in the KC May, according to traders. Outside markets were a limited influence today, traders said, with the U.S. dollar trading lower and crude oil trading slightly higher. Short covering was the feature of today's session as the market moved to make a technical comeback, traders said. Fundamentally, there were some concerns regarding flooding in wheat areas of North Dakota, according to traders.

 

KCBT May wheat settled 7 1/2 cents higher at $5.02 1/4.

 

Today's trading volume was estimated at 11,576 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.

 

March 3, 2010 KCBT Review Newsletter   (PDF)

 

Highlights from Feb. 16:

 

There were no changes in the protein premium scale today.

 

Mar shipment was at 40 over KCBT May. Wheat for Apr shipment was unq over May. Wheat for May shipment was unq over May.

 

The Pacific Northwest wheat markets were unchanged to higher today. First half of March soft white wheat values were unchanged at 4.70 today. First half of March hard red spring wheat values were 5 cent higher at 174 over MGE May futures. Hard red winter wheat values for first half of March shipment were unchanged at 35 over KCBT May wheat futures.

 

There was not much new news today in the KCBT wheat futures market with the market continuing to follow outside markets. With the U.S. Dollar lower and crude oil higher, the commodities markets were finding strength. On the day, all of the grain markets settled higher.

 

There were 15 intentions for re-delivery against the KC Mar wheat contract announced this morning in Wichita.

 

KC Mar wheat settled 10 1/2 cents higher at $5.09 1/2.

 

Today's trading volume was estimated at 11,339 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.