Softs – Midday Commentary – July 27,2009

KCBT MIDDAY COMMENTARY 07/27/2009
MIXED TRADE IN KC WHEAT FUTURES
Kansas City wheat futures traded mixed this morning, after starting lower but not finding selling interest towards the lower end of a recent trading range, according to traders.  A little buying interest gave the market a boost back higher, traders said, finding some small support.
USDA weekly wheat export inspections were estimated at 10.6 million metric tones, traders said, a disappointing number. 
In other news, the Hard Red Spring wheat tour sponsored by the Wheat Quality Council kicks off tomorrow, traders said.
KC Sep wheat was 2 ¼ cents higher at $5.51 ¼.
CASH GRAIN:  There was no cash grain report available this morning.
:KCBT wheat volume/open interest for July 24
     In contracts
  Wheat     Volume     Exchs     Open-Int     Change
Sep-09        7226        1950        38631           -918
Dec-09        2998            18        37552           +770
Mar-10           569         120         7169            +169
May-10            74              0         1199                 -8
Jul-10            293              0        10496                -2
Sep-10             17             0            195                 -4
Dec-10             17             0         1293              +11
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        11194      2088        96656             +18

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