CFTC Commitment of Traders as of June 30,2009

MIXED, LIGHT TRADE IN KC WHEAT – July 7,2009
Kansas City wheat futures traded mixed this morning in fairly light trade, according to traders.  After the recent big break in wheat, there was somewhat of a bounce this morning, traders said, keeping a steady to higher tone in futures.  Spring wheat crop ratings declined a little more than average guesses in yesterday's crop progress reports, traders said, bringing underlying support to prices.  There was still no real buying enthusiasm at market lows, traders added.
The U.S. wheat harvest is now estimated at 56% complete, and the state of Kansas estimated at 83% complete.  According to reports from the Kansas Wheat Commission, farmers in the northern part of Kansas have their combines rolling again after showers hampered some efforts over the weekend.
There were 5 delivery reintentions reported out of Salina against the KC July contract this morning.
KC July wheat was 1 1/2 cent lower at $5.41 at midday.
CASH GRAIN: Mill pipelines seem to be filling, and the basis feels heavy, according to traders. 
:KCBT wheat volume/open interest for July 6
     In contracts
  Wheat     Volume     Exchs     Open-Int     Change
Jul-09              395             0           1231         -435
Sep-09        11055      2413        42317      +3123
Dec-09           3186       144        30466         +490
Mar-10             901        143         4292          +236
May-10              86             0          1054            +54
Jul-10              468             0          9700          +195
Sep-10               65            0            176            +32
Dec-10               59            0         1074             -15
Mar-11                  0             0              0              +0
May-11                  0            0              0              +0
Jul-11                    0             0          130              +0
Sep-11                   0           0                0             +0
TOTAL          16215      2700        90440      +3680 

Provided by KCBT

Commitment of Traders as of 6/30/2009

KC WHEAT UNDER PRESSURE – July 6,2009
Kansas City wheat futures were under pressure this morning due to strength in the U.S. dollar, weakness in crude oil, and good harvest weather over the weekend, according to traders.
There were reports this morning that Saudi Arabia purchased 440,000 metric tones of wheat from the EU, Canada, and the U.S., traders said. 
The July/Sep spread was trading tighter this morning, in reaction to ADM Investor Services stopping a large amount deliveries today, traders said.  Hutchinson reported 15 intentions for redelivery against the KC July contract, and Salina reported 145.
KC July wheat was 5 cents lower at $5.49 3/4 at midday.
CASH GRAIN: There were a lot of cars around due to the three-day weekend, and mid to lower proteins feel weaker, while higher proteins are bid on the high side. 
:KCBT wheat volume/open interest for July 2
     In contracts
  Wheat     Volume     Exchs     Open-Int     Change
Jul-09              863            6           1666           -558
Sep-09        10890      2169        39194           -601
Dec-09          2258          18        29976           -150
Mar-10          1274            0          4056           +365
May-10            132            0          1000             +60
Jul-10              376            0          9505          +120
Sep-10              14            0            144               +7
Dec-10              40            0         1089               +8
Mar-11                0             0               0                +0
May-11               0             0               0                +0
Jul-11                 0              0          130                +0
Sep-11               0              0               0               +0
TOTAL       15847      2193        86760         - 749

Provided by KCBT

KC WHEAT UNDER PRESSURE – July 6,2009
Kansas City wheat futures were under pressure this morning due to strength in the U.S. dollar, weakness in crude oil, and good harvest weather over the weekend, according to traders.
There were reports this morning that Saudi Arabia purchased 440,000 metric tones of wheat from the EU, Canada, and the U.S., traders said. 
The July/Sep spread was trading tighter this morning, in reaction to ADM Investor Services stopping a large amount deliveries today, traders said.  Hutchinson reported 15 intentions for redelivery against the KC July contract, and Salina reported 145.
KC July wheat was 5 cents lower at $5.49 3/4 at midday.
CASH GRAIN: There were a lot of cars around due to the three-day weekend, and mid to lower proteins feel weaker, while higher proteins are bid on the high side. 
:KCBT wheat volume/open interest for July 2
     In contracts
  Wheat     Volume     Exchs     Open-Int     Change
Jul-09              863            6           1666           -558
Sep-09        10890      2169        39194           -601
Dec-09          2258          18        29976           -150
Mar-10          1274            0          4056           +365
May-10            132            0          1000             +60
Jul-10              376            0          9505          +120
Sep-10              14            0            144               +7
Dec-10              40            0         1089               +8
Mar-11                0             0               0                +0
May-11               0             0               0                +0
Jul-11                 0              0          130                +0
Sep-11               0              0               0               +0
TOTAL       15847      2193        86760         - 749

Provided by KCBT

HARVEST WEIGHS ON WHEAT FUTURES – July 2,2009
Kansas City wheat futures traded lower this morning, as the Hard Red Winter wheat harvest continues to move further north in the state of Kansas and is wrapping up in south central Kansas, according to traders.  The Fourth of July weekend looks to be a full harvest weekend, with some possibilities of small shower delays, traders added.
USDA weekly wheat export sales were estimated at 241,900 metric tones, which previous estimates of 200,000 to 400,000 metric tones.  Japan purchased 87,000 metric tones of U.S. wheat and 21,000 metric tones of Australian wheat.
Strength in the U.S. dollar also weighed on wheat futures prices this morning.  Crude oil was also trading lower.
KC July wheat was 6 ¾ cents lower at $5.57 at midday.
CASH GRAIN: The basis is weaker in lower to mid-protein levels, with higher proteins bid steady, according to traders.
:KCBT wheat volume/open interest for July 1
     In contracts
  Wheat     Volume     Exchs     Open-Int     Change
Jul-09             732            0            2224          -498
Sep-09       10238      1668        39795          +284
Dec-09         3998        106        30126          +394
Mar-10            940            0          3691           +285
May-10           132          14            940             +82
Jul-10             383            3          9385              -33
Sep-10               0             0           137               +0
Dec-10               7             0          1081               -1
Mar-11               0             0                0               +0
May-11               0            0                0                +0
Jul-11                 0             0           130                +0
Sep-11                0            0               0                +0
TOTAL       16430      1791        87509        +513

Provided by KCBT

KC WHEAT TURNS LOWER AFTER HIGHER OPENING – July 1,2009
Kansas City wheat futures opened higher on carryover strength from overnight trading and a weaker U.S. dollar, according to traders.  Egypt bought 90,000 metric tones of French and U.S. wheat, also bringing some support to opening prices.
There was no follow through in buying this morning, as wheat continues to struggle with weakness in the corn market and the ongoing harvest, traders said. 
There were 15 delivery intentions reported in Hutchinson this morning, and 50 in Salina.  Salina also reported 63 reintentions against the KC July contract.
KC July wheat was 2 ¼ cents higher at $5.89 at midday.
CASH GRAIN: Lower proteins are weaker possibly by a dime, and higher proteins are firmer, according to traders.
:KCBT wheat volume/open interest for June 30
     In contracts
  Wheat     Volume     Exchs     Open-Int     Change
Jul-09           3839         163          2722         -1456
Sep-09        14261      1291        39511        +1572
Dec-09          4333            0        29732          +426
Mar-10             554            0         3406           +157
May-10            336             0          858            +123
Jul-10               764            0         9418           +177
Sep-10               23            0            137               +9
Dec-10               27             0         1082               +2
Mar-11                   0            0              0                +0
May-11                 0              0              0               +0
Jul-11                   6              0          130                +0
Sep-11                  0             0               0                +0
TOTAL        24143        1454       86996       +1010

Provided by: KCBT

USDA REPORTS WEIGH ON WHEAT FUTURES – June 30,2009
USDA reports pushed Kansas City wheat futures lower this morning, with wheat acreage numbers posing bearish for the market, according to traders.  Wheat stocks numbers were a tiny bit below the average trading guess, traders said.
All wheat acres planted are estimated at 59.775 million acres for the month of June, compared to 58.638 million acres in March.  Spring wheat acres planted was estimated at 13.772 million acres, above the average guess of 13.097 million acres.  Corn acres planted were well above the previous range of 83 to 86 million acres, estimated at 87 million acres, traders said.  Corn fell sharply, weighing on other grain markets, traders said.
Harvest continues to roll through Kansas, with large truck receipts reported in Hutchinson over the weekend. 
KC July wheat was 14 cents lower at $5.67 ½ at midday.
CASH GRAIN: A lot of new crop wheat continues to come into the marketplace, traders said, with 12.0 and higher proteins feeling steady, and lower protein levels feeling some pressure.
:KCBT wheat volume/open interest for June 29
     In contracts
  Wheat     Volume     Exchs     Open-Int     Change
Jul-09          8997        1077          4178        -5265
Sep-09      11123         617        37939       +2537
Dec-09        3757              0        29306        +250
Mar-10           349              0          3249         +70
May-10          156              0             735           +6
Jul-10             411             0            9241       -119
Sep-10             41             0               128        +24
Dec-10             33             0             1080        +14
Mar-11                0             0                   0         +0
May-11               0              0                   0         +0
Jul-11                 2              0              130           -2
Sep-11               0              0                  0           +0
TOTAL       24869       1694        85986      -2485

Provided by: KCBT