Optimism Regarding Greece Bailout Package
Oct 27, 2011
Kansas City wheat futures traded higher today, finding optimism regarding the bailout package for Greece that was decided overnight at the EU summit, according to traders.
The U.S. Dollar was trading dramatically lower this morning, supporting commodity markets, traders said. Fundamentally, Kansas City wheat futures were feeling some pressure today due to disappointing export sales reports of 316,800 metric tonnes.
A little bit of moisture fell in the southern Plains, traders said, and there is a chance for moisture in the forecast for early to mid-November.
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