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2009-11-21

2009-11-18

2009-11-05

Agriculture

Lifestyles

Thursday, June 18, 2009 3:26 PM

KC wheat breaks lower, finds support Thursday

From the Kansas City Board of Trade

Kansas City wheat futures traded lower this morning, breaking to new lows not seen since May, but bounced off of morning lows by midday, according to traders. Hot, dry weather in the HRW wheat belt is allowing the Kansas wheat harvest to progress, traders said. In other weather news, Western Australia is seeing improving weather conditions in wheat areas, as well as the Canadian Prairies, traders added.

USDA weekly wheat export sales were estimated at 268,000 metric tones of old crop wheat. Previous estimates ranged from 200,000 to 400,000 metric tones.

The Buenos Aires Cereals Exchange reduced their forecast for 2009-2010 production in winter wheat areas, traders said.

KC July wheat was 3 ¼ cents lower at $6.19 ¾ at midday.

CASH GRAIN: The basis is unchanged and untested and waiting on harvest, traders said. Early reports indicate low protein levels, traders added.

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KC wheat breaks lower, finds support Thursday

From the Kansas City Board of Trade

E-mail this story to a friend | Print this article | Enjoy the convenience of home delivery of The Ottawa Herald.

E-mail this story to a friend | Print this article |
Enjoy the convenience of home delivery of The Ottawa Herald.