Kc Wheat Commodity Markets, Prices & Futures
Use the chart below to check futures prices for K.C. Wheat. Click the contract dates for more prices and trends. Cash price reflects the USDA Chicago terminal.
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Latest News From KC Wheat
Soybeans were lower by 3 to 4 cents on Friday on profit taking heading into the holiday according to Darren Frye with Water Street Solutions but ended higher for the week.
Scott Varilek with Kooima Kooima Varilek says the cattle futures have been chopping back and forth this week and need to take out last week’s highs on the charts to break out and to new highs.
Mark Schultz with Northstar Commodity says news of a possible China trade truce extension fueled hopes for additional purchases of American agricultural products, including soybeans.
Soybeans gapped higher on the open on Wednesday night on news that China and the U.S. are going to extend the trade truce another year and may cut tariffs says Jim McCormick with AgMarket.Net.
Tommy Grisafi with Nesvick Trading says wheat led the grain markets on short covering Wednesday and pulled corn and soybeans off early lows.
Ag Resource Company’s Dan Basse breaks down the February WASDE report and looming acreage shifts.
Risk off in the outside markets also played a role in the selling pressure according to Lane Akre, economist with Pro Farmer. However, he doesn’t think all the China demand is priced into the soybean market.
Brian Grete with CommStock Investments says he thinks the price action on Friday is sending a strong signal about the soybean market direction.
DuWayne Bosse with Bolt Marketing says the soybean market is still trying to price in the possibility of China buying another 300 million bu. of soybeans this marketing year.
Randy Martinson with Martinson Ag says, “This is, you know, basically 8 million metric ton or roughly 294 million bushels of added soybean demand that we were not expecting.”