KCBT Wheat Futures Higher; Protein Premium Fully Steady
Mar 03, 2010
The KCBT Review, the daily newsletter that the traders at the Kansas City Board of Trade use on a daily basis to keep on top of the market, is the most comprehensive source for cash wheat, grain and futures information. The Kansas City Board of Trade Review is produced by the KCBT staff every day the market is in session for KCBT traders and features a daily wrap up of the grain market for both cash and futures.
Highlights from Feb. 16:
KC CASH HRW WHEAT:
There were no changes in the protein premium scale today.
GULF HRW WHEAT, 11.0% protein:
Mar shipment was at 40 over KCBT May. Wheat for Apr shipment was unq over May. Wheat for May shipment was unq over May.
The Pacific Northwest wheat markets were unchanged to higher today. First half of March soft white wheat values were unchanged at 4.70 today. First half of March hard red spring wheat values were 5 cent higher at 174 over MGE May futures. Hard red winter wheat values for first half of March shipment were unchanged at 35 over KCBT May wheat futures.
KCBT Wheat Futures
There was not much new news today in the KCBT wheat futures market with the market continuing to follow outside markets. With the U.S. Dollar lower and crude oil higher, the commodities markets were finding strength. On the day, all of the grain markets settled higher.
There were 15 intentions for re-delivery against the KC Mar wheat contract announced this morning in Wichita.
KC Mar wheat settled 10 1/2 cents higher at $5.09 1/2.
Today's trading volume was estimated at 11,339 contracts.
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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