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Weekly Commodity Analysis: Topic: Wheat Page 1, Page 2, Page 3, Page 4, Page 5
| CFTC Data: The CFTC numbers show the long funds holding or slightly adding positions but the shorts have their lowest positions for months. The commercial traders have not wavered from their long positions. Even though the shorts did add to their sell and hold campaign. | The small specs which includes small farmer hedging controls must of the short positions. The odds that the small specs making a large profit is remote. It just doesn't seem to work out, and the big boy's use this info to fuel short covering rallies. NEXT |
| CBOT Wheat | Funds L | Funds S | Spreads | Comm L | Comm S | Total L | Total S | Spec L | Spec S |
| 7/28/2006 | 81,330 | 68,138 | 99,571 | 264,680 | 250,811 | 445,581 | 418,520 | 34,743 | 61,804 |
| 7/21/2006 | 80,399 | 73,574 | 95,773 | 264,927 | 246,308 | 441,099 | 415,655 | 34,266 | 59,710 |
| 7/7/2006 | 70,206 | 76,637 | 98,277 | 257,934 | 223,940 | 426,417 | 398,854 | 32,548 | 60,111 |
| 6/30/2006 | 69,134 | 68,995 | 103,646 | 256,983 | 228,228 | 429,763 | 400,869 | 31,974 | 60,868 |
| 6/23/2006 | 72,647 | 76,270 | 104,174 | 265,444 | 233,551 | 442,265 | 413,995 | 34,242 | 62,512 |
| 6/16/2006 | 85,650 | 81,090 | 101,555 | 265,275 | 240,004 | 452,480 | 422,649 | 38,497 | 68,328 |
| 6/9/2006 | 103,381 | 91,660 | 115,465 | 274,939 | 256,892 | 493,785 | 464,017 | 40,370 | 70,138 |
| 6/2/2006 | 118,023 | 96,496 | 102,591 | 278,980 | 267,454 | 499,594 | 466,541 | 38,459 | 71,512 |
| 5/26/2006 | 110,708 | 94,459 | 92,625 | 279,155 | 262,540 | 482,488 | 449,624 | 39,807 | 72,671 |
| CBOT | Funds | Funds | Funds | Funds | Comm | Comm | Comm | Comm | Spec | Spec | Spec | Spec |
| Wheat | Net | Long +/- | Short +/- | OI +/- | Net | Long +/- | Short +/- | OI +/- | Net | Long +/- | Short +/- | OI +/- |
| 7/28/2006 | 13192 | 931 | -5436 | -4505 | 13869 | -247 | 4503 | 4256 | -27061 | 477 | 2094 | 2571 |
| 7/21/2006 | 6825 | 10193 | -3063 | 7130 | 18619 | 6993 | 22368 | 29361 | -25444 | 1718 | -401 | 1317 |
| 7/14/2006 | 1693 | 6975 | -1149 | 5826 | 24124 | 4713 | 14583 | 19296 | -25817 | 739 | -1007 | -268 |
| 7/7/2006 | -6431 | 1072 | 7642 | 8714 | 33994 | 951 | -4288 | -3337 | -27563 | 574 | -757 | -183 |
| 6/30/2006 | 139 | -3513 | -7275 | -10788 | 28755 | -8461 | -5323 | -13784 | -28894 | -2268 | -1644 | -3912 |
| 6/23/2006 | -3623 | -13003 | -4820 | -17823 | 31893 | 169 | -6453 | -6284 | -28270 | -4255 | -5816 | -10071 |
| 6/16/2006 | 4560 | -17731 | -10570 | -28301 | 25271 | -9664 | -16888 | -26552 | -29831 | -1873 | -1810 | -3683 |
| 6/9/2006 | 11,721 | -14,642 | -4,836 | -19,478 | 18,047 | -4,041 | -10,562 | -14,603 | -29,768 | 1,911 | -1,374 | 537 |