Earthquake in Japan Shakes Markets
Mar 11, 2011
Kansas City wheat futures opened lower this morning on the wake of a disastrous earthquake overnight in Japan that has spooked markets on uncertainty in conditions of infrastructure and ports, according to traders.
An earthquake measured at a magnitude of 8.9 triggered a tsunami, affecting areas beyond Japan and including Hawaii and the U.S. West Coast.
Weakness in Kansas City wheat futures tempered by midday as prices remained lower.
The market has liquidated throughout the week and remains weak technically, traders said.
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