KCBT Review

Quiet, Lower Trade in KC Wheat Futures

Aug 31, 2011

Kansas City wheat futures quietly traded lower this morning, approaching yesterday's lows and finding some underlying support, according to traders.

It is hard to anticipate what to expect from trading on the last day of the month, traders added.

Spread trade in the Sep/Dec remained active on first notice of delivery day against the KC Sep contract.

Salina reported 465 contracts intended for delivery against the KC Sep contract, Wichita reported 66 intentions, and Hutchinson reported 8 contracts intended for delivery.

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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Markets Higher after Bernanke Speech

Aug 26, 2011

Kansas City wheat futures opened lower this morning after Federal Reserve Chairman Ben Bernanke's highly anticipated remarks were not necessarily supportive to commodity markets, according to traders.

Outside markets, including equities and crude oil, traded lower initially today, traders added.

By midday, there was a turnaround and grain markets were trading higher. There are some concerns about the U.S. corn crop with reports coming out of the Pro Farmer Midwest Crop Tour, traders said.

Final numbers from the Pro Farmer Tour will be released after the close of grain markets today. Chicago corn futures also found strength from a sale of 365,760 metric tonnes of corn to an unknown buyer.

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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Spring Wheat Futures Lead Wheat Markets Higher

Aug 17, 2011

Kansas City wheat futures traded higher again today, taking lead from Minneapolis spring wheat futures that continue to gain ground on KC wheat prices, traders said.

MGE Sep wheat was 21 cents higher at $9.17 1/4 midday, while KC Sep was up 8 1/2 cents at $8.26. The MGE Sep/Dec spread was also inverted at 10 1/4 cents at midday.

Talk of disappointing spring wheat yields due to delayed planting and wet weather earlier in the season is now being supplemented by harvest delays due to rainfall, traders said.

Rainfall in Eastern Australia is benefitting the dry wheat crop that has been dry, 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 Higher with Equity Bounce

Aug 09, 2011

Kansas City wheat futures bounced higher today, following U.S. equity markets that are attempting recovering today from yesterday's sharp selloff.

Selling has evaded the marketplace today and financial traders are looking ahead to a statement from the Federal Reserve Bank later this afternoon, according to reports. In news for wheat, Egypt purchased 1 cargo of Russian wheat, traders said.

USDA crop progress reports yesterday are estimating spring wheat conditions at 66% good-to-excellent, down from a previous 70% rating, traders said. KC wheat continues to see some intra-market rolling of positions out of September futures.

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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Spring Wheat Disease Concerns

Aug 02, 2011

Kansas City wheat futures traded under pressure today due to weakness overnight and disease concerns in the U.S. spring wheat crop, according to traders.

Minneapolis spring wheat futures led the way lower today after a report of vomitoxin in the spring wheat crop came out this morning, traders added.

Lack of export demand and early strength in the U.S. Dollar also weighed on the market this morning, traders said.

Volume was relatively quiet today, although the Sep/Dec spread is beginning to trade in some pre-roll activity, traders said.

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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August 2011 Archive for KCBT Review

Quiet, Lower Trade in KC Wheat Futures

Markets Higher after Bernanke Speech

Spring Wheat Futures Lead Wheat Markets Higher

KC Wheat Higher with Equity Bounce

Spring Wheat Disease Concerns

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