Spring Wheat Disease Concerns
Aug 02, 2011
Kansas City wheat futures traded under pressure today due to weakness overnight and disease concerns in the U.S. spring wheat crop, according to traders.
Minneapolis spring wheat futures led the way lower today after a report of vomitoxin in the spring wheat crop came out this morning, traders added.
Lack of export demand and early strength in the U.S. Dollar also weighed on the market this morning, traders said.
Volume was relatively quiet today, although the Sep/Dec spread is beginning to trade in some pre-roll activity, traders said.
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