Export Sales Favorable for U.S. Wheat

Published on: 12:58PM Jun 17, 2010

Kansas City wheat futures traded higher today amidst quiet volume compared to yesterday, finding support from favorable USDA weekly wheat export sales reports, traders said.  Total wheat exports were estimated at 959,500 metric tonnes, including 550,000 metric tonnes of Hard Red Winter wheat, traders said.  The U.S. Dollar was trading lower this morning, also giving wheat futures a boost.  Intra-market spread that dominated yesterday's session was active, but quieter this morning, traders said.

KC July wheat was 1 cent higher at $4.91 1/2 at midday.

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