May 18, 2013

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July 2011 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.

KCBT Wheat Trades Lower with Corn

Jul 29, 2011

Kansas City wheat futures traded lower this morning, pressured by expected rainfall in dry areas of the U.S. Corn Belt over the weekend, according to traders.

A break in the weather should bring some relief to the northern plains region of the U.S., traders said. In export news, Egypt purchased 240,000 metric tonnes of wheat from Russia.

The spring wheat tour concluded yesterday with an estimate of 41.5 bushels per acre.

KC Sep wheat was 15 1/2 cents lower at $7.68 at midday.

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 Concerns Support KC Wheat

Jul 28, 2011

Concerns regarding the conditions of the U.S. spring wheat crop brought support to Kansas City wheat futures this morning.

Reports of below-average yields are coming out of the Wheat Quality Council Spring wheat tour which is underway in the Northern Plains, traders said.

Participants are anticipating yields to come in under previous estimates by the North Dakota Ag Statistics Service.

While some rain is in the forecast for corn and soybean areas, southern areas of the Midwest continue to experience drought conditions.

KC wheat shrugged off a stronger U.S. Dollar this morning and more export sales out of Russia, 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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KCBT HRW Wheat Futures Trading Choppy

Jul 14, 2011

Kansas City wheat futures trading began quieter this morning from consolidation. Pricing was higher on the opening but moved lower as the morning went on in choppy trading.

USDA weekly wheat export sales came in at 519,100 metric tonnes, within trade expectations of 350,000 to 650,000 metric tonnes, traders said.

About half of that number consisted of hard red winter wheat. Japan's weekly tender consisted of 35,000 tonnes of U.S. white wheat, 36,000 tonnes of Canadian spring wheat and 39,000 tonnes of Australian white wheat, 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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KC Wheat Gives Back Gains

Jul 06, 2011

Kansas City wheat futures gave back gains posted in yesterday's session this morning as the market is under pressure in general with not a lot of news, according to traders.

China raised reserve requirements again, by .25%, traders said.

French wheat futures traded lower overnight, carrying over into U.S. markets.

Jordan has announced a tender for 150,000 metric tonnes of HRW wheat that is assumed to be of Russian origin, traders said.

USDA crop progress reports yesterday showed a 1% increase in Spring wheat ratings from 69% good to excellent last week to 70% this week.

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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