KCBT wheat futures show losses; Protein premium fully steady
Dec 08, 2009
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 Dec. 8:
KC CASH HRW WHEAT:
The basis was unchanged in Kansas City today.
GULF HRW WHEAT, 11.0% protein:
Dec shipment was at 35 over KCBT March. Wheat for Jan shipment was n/b over March. Wheat for Feb shipment was n/b over March.
The Pacific Northwest wheat markets were unchanged today. First half of December soft white wheat values were unchanged at 5.05 today. First half of December hard red spring wheat values were unquoted over MGE March futures. Hard red winter wheat values for first half of December shipment were unchanged at 30c over KCBT Mar wheat futures.
KCBT Wheat Futures
KCBT wheat futures saw moderate amount of trading on Tuesday, with December usually being a fairly light trading volume month. Wheat futures continued the lower trend seen the last few days, traders said.
Outside markets continued exerting pressure on wheat pricing, with the U.S. Dollar higher and crude oil and gold lower. Investment money slowly coming into the market was a factor also, traders said.
There were no delivery intentions to announce against the KCBT Dec 2009 wheat futures contract today.
Today's trading volume was estimated at 10,038 contracts.
Today's trading volume was estimated at 9,249 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