date:Mar 17, 2016
ies.
The premium of Kansas City futures to Chicago futures, May basis, touched $0.14 a bushel earlier for the first time in six months and representing a marked turnaround from the $0.12-a-bushel discount that hard wheat stood at a month ago.
One extra factor for wheat investors to consider later are the results of the latest tender by Egypts Gasc grain authority, and what insight they give into relative pricing on the physical market, and indeed how keen merchants are to trade with the north