date:Apr 07, 2016
ract.
The finished Tuesday at a discount of cents, after reaching down to a one-and-one-half cent discount.
Dryness still on the table
The weaker tone in Kansas has been driven by an improving weather outlook in the dry US Plains, where most hard red winter wheat is grown.
But Tobin Gorey, of Commonwealth Bank of Australia, warned that although Kansas remains the weakest of US grain futures, weather forecasters still expect only modest rainfall in the driest areas of the US hard red winter