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Veteran Advisor

Outside Investors Go Long Wheat

Friday's Commitments of Traders Report:

Outside investors have switched to being net long the wheat market, after shorting that market for quite awhile, according to the Commodities Futures Trading Commission (CFTC).
Meanwhile, those same outside investors are net long the corn market, while holding a net short position in the soybean market, according to the CFTC’s Commitments of Traders Report Friday.
Corn
For corn, managed money investors are net short the market by 67,804 contracts, adding 4,000 long contracts and 6,600 short positions. vs. a week ago.
Producers are now net short the market by 240,650 contracts, adding 9,000 long and 2,000 short positions vs. a week ago.

Soybeans
Managed money is net short the bean market by 13,735 contracts, after cutting 10,000 long contracts and adding 9,000 shorts vs. a week ago.
Producer investors are net short the corn market by 133,183 positions, after adding 19,000 long and 8,000 short contracts vs. a week ago.
Farm group supports higher THC limit for industrial hemp

Chicago SRW Wheat
The COT report shows that managed money investors are now net long by 41,671 contracts, a reversal vs. a week ago.
Producers are net short the wheat market by 87,498 contracts.

Live Cattle
Producer investors are net short the cattle market by 172,860 contracts.
Managed money investors are net long the cattle market by 90,253 contracts, according to Friday’s COT Report.

Hogs
The producer investors are net short the lean hog futures market by 75,344 contracts. Meanwhile, managed money investors are net long the hog market by 11,000 contracts.

 

What say you?

 

Mike

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Veteran Advisor

Re: Outside Investors Go Long Wheat


@marketeye wrote:

Friday's Commitments of Traders Report:

Outside investors have switched to being net long the wheat market, after shorting that market for quite awhile, according to the Commodities Futures Trading Commission (CFTC).
Meanwhile, those same outside investors are net long the corn market, while holding a net short position in the soybean market, according to the CFTC’s Commitments of Traders Report Friday.
Corn
For corn, managed money investors are net short the market by 67,804 contracts, adding 4,000 long contracts and 6,600 short positions. vs. a week ago.
Producers are now net short the market by 240,650 contracts, adding 9,000 long and 2,000 short positions vs. a week ago.

Soybeans
Managed money is net short the bean market by 13,735 contracts, after cutting 10,000 long contracts and adding 9,000 shorts vs. a week ago.
Producer investors are net short the corn market by 133,183 positions, after adding 19,000 long and 8,000 short contracts vs. a week ago.
Farm group supports higher THC limit for industrial hemp

Chicago SRW Wheat
The COT report shows that managed money investors are now net long by 41,671 contracts, a reversal vs. a week ago.
Producers are net short the wheat market by 87,498 contracts.

Live Cattle
Producer investors are net short the cattle market by 172,860 contracts.
Managed money investors are net long the cattle market by 90,253 contracts, according to Friday’s COT Report.

Hogs
The producer investors are net short the lean hog futures market by 75,344 contracts. Meanwhile, managed money investors are net long the hog market by 11,000 contracts.

 

What say you?

 

Mike


I say a lot of wheat globally goes to $9+ in 2020. 

The Big Dry gets pretty obvious in 2 to 3 weeks. 

Could be some Iowa corn planted in March this year. 

We'll see. 

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Veteran Advisor

Re: Outside Investors Go Long Wheat

Last  comment  line  in  soybeans,  seems  real  interesting,  and  applies  to  exactly  what  - ?  ?

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