Soft – Market Recap – July 24,2009

KCBT WHEAT LOWER IN CONSOLIDATION-TYPE TRADE
Kansas City wheat futures saw low volume trading this morning after a mixed opening. The market has fallen under pressure in a consolidation-type trading, traders said.

Weakness in Chicago corn and soybean pricing was weighing on KCBT wheat prices. Spread trades were light with Sep/Dec at 16 1/2 to 16 3/4 cents.

KC Sep wheat was 6 1/2 cents lower at $5.55.  

CASH GRAIN: The cash market was a little firmer today, with some stability in the market, traders said. Bids were a little bit stronger.
KCBT wheat volume/open interest for July 23
     In contracts

  Wheat     Volume     Exchs     Open-Int     Change
Sep-09       6317      764        39549       +248
Dec-09       2290        69        36782       +221
Mar-10         361          0           7000          -99
May-10         146          0          1207          -11
Jul-10           348          0        10498          -85
Sep-10           17          0            199            +0
Dec-10           14          0          1282             -2
Mar-11             0          0                 0            +0
May-11             0          0                 0           +0
Jul-11               0          0             121           +0
Sep-11             0          0                 0            +0
TOTAL        9493     833        96638        +272

Provided by:KCBT