Fund activity from last week Feb. 3, 2020

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Started by metmike - Feb. 3, 2020, 12:03 p.m.

Jan 31Thru Jan. 28, funds substantially cut their net long in #corn (-67.8k-29.5k), the largest net buy since June (tho it was mostly short-covering). Lots of new shorts in #soybeans thru Jan. 28, sending the net short to -51k from -14k the week before.

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Re: Re: Fund activity from last week Feb. 3, 2020

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By metmike - Feb. 3, 2020, 12:13 p.m.

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metmike: Look at that huge long position in wheat!

Jan 31

Money managers' outright long positions in CBOT #wheat hit a RECORD 136,325 fut+opt contracts in the week ended Jan. 28 (topping 134k from Sep. 11, 2012). Net position (48.5k) not record but relatively high. All this despite most-active futures falling 2% during the period.

Re: Re: Re: Fund activity from last week Feb. 3, 2020

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By metmike - Feb. 3, 2020, 12:13 p.m.

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@kannbwx

Jan 31

Daily estimates of fund activity in futures only suggest heavy selling between Wed-Fri (though they were pretty off in wheat last week):#Corn -11k#Soybeans -19k CBOT #wheat -9.5k Soymeal -10k Soyoil -11.5k

Here is the full summary for the week ended Jan. 28 (disag. fut+opt). Funds sold soy products and KC #wheat, bought a little bit of both MGEX wheat and CME lean hogs.

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