February 2010 Archive for KCBT Review

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.

 

Feb. 22, 2010 KCBT Review Newsletter   (PDF)

 

 

Highlights from Feb. 16:

 

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

 

Feb shipment was at 44 over KCBT March. Wheat for Mar shipment was u/q over March. Wheat for Apr shipment was u/q over May.

 

The Pacific Northwest wheat markets were unchanged today. Last half of February soft white wheat values were unchanged at 4.80 today. Last half of February hard red spring wheat values were unchanged at 172 over MGE March futures. Hard red winter wheat values for last half of February shipment were unchanged at 42c over KCBT Mar wheat futures.

 

Kansas City wheat futures were called to open higher this morning, but found little momentum early in the session, traders said. Bearish fundamentals, including additional moisture over the weekend in HRW wheat areas and more in store for the end of the week, kept the market in check early, traders added. USDA weekly wheat export inspections were estimated at 17.708 million bushels and above previous estimates of 15 to 17 million bushels, traders said. Continued net short positions in the Chicago wheat market attributed to some short covering going into the latter part of the session, traders said. Strength in CBOT corn and soybean futures also lent to the higher technical trade, traders added.

 

KC Mar wheat settled 10 1/4 cents higher at $5.08 1/2.

 

Today's trading volume was estimated at 23,619 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.

 

Feb. 16, 2010 KCBT Review Newsletter  (PDF)

 

 

Highlights from Feb. 16:

 

The basis was unchanged to 2c lower today, with the 11.0 proteins 2 cents lower.

 

Feb shipment was at 40 over KCBT March. Wheat for Mar shipment was u/q over March. Wheat for Apr shipment was u/q over May.

 

The Pacific Northwest wheat markets were unchanged to lower today. Last half of February soft white wheat values were unchanged at 4.85 today. Last half of February hard red spring wheat values were unchanged at 170 over MGE March futures. Hard red winter wheat values for last half of February shipment were 1 cent lower at 47c over KCBT Mar wheat futures.

 

A weaker U.S. Dollar prompted stronger trading in crude oil and gold futures that carried over into Kansas City wheat futures today. Crude oil traded over $3.00 a barrel at times, influencing rallies in other markets, traders said. A record number of short speculative positions in Chicago SRW wheat came out of Friday's Commitment of Trader's report, leading to some short covering in Chicago, and Kansas City today, traders added. KC wheat broke through last week's highs, triggering some small buy stops above the market, traders said. USDA weekly wheat export inspections were estimated at 15.9 million bushels.

 

KC Mar wheat settled 18 cents higher at $5.12 1/2.

 

Today's trading volume was estimated at 32,420 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.