On June 21, 2012, the Kansas City Board of Trade will host the NIBA Summer Marketing and Sales Event. Registration and coffee open at 1:15pm and the business sessions begin at 2:00pm. A cocktail reception will follow immediately.
The Kansas City Board of Trade, established near one of the world's most fertile growing regions, is the largest free market for hard red winter wheat. Prices negotiated at the KCBT are the benchmark for wheat prices around the world. The KCBT was founded in 1856 and 20 years later a "grain call," similar to wheat futures trading as it is known today, was established. The exchange has become an international market force, influencing wheat prices in Australia and Argentina as well as Kansas and Oklahoma.
The exchange set new annual volume records in 2011 for Hard Red Winter wheat futures and for the exchange as a whole. A total of 6,582,673 contracts were traded at the KCBT in 2011, setting a new record with a 15.5 percent increase over the 5,697,874 contracts traded in 2010. In the HRW wheat futures contract, a total of 6,342,782 contracts were traded, which also set a new annual volume record over 2010 volume with a 14.3 percent increase.
The KCBT offers marketing materials free of charge for all brokers and their customers: Wheat futures and options brochures, 25-year wheat futures wall chart, Moore Research Wheat Report detailing 103 different trading strategies and the HRW wheat harvest Marketwatch are all available.
Our website at www.kcbt.com offers 10-minute delayed prices; charting services; daily and weekly market commentary; news releases; and much, much more. Please contact the KCBT at 1.800.821.5228 or kcbt@kcbt.com if we can assist you with any marketing materials. We look forward to hosting NIBA members on June 21.
