Kansas City wheat futures opened higher this morning on a weaker U.S. Dollar overnight and expectations of an announcement of large corn sales, traders said. However, the market was set back lower quickly.
Published on: 13:05PM Mar 21, 2011
There was disappointment because a corn sale was announced but it was smaller than expected at approximately 116,000 metric tonnes, traders said. Some support was being gathered from a lower U.S. Dollar, traders said.
KC May wheat was 1 cent higher at $8.46 at midday.
CASH GRAIN: Quiet and weak conditions were reported in the cash market this morning, traders said.
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