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.
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