Fund positions
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Started by metmike - March 23, 2020, 11:56 a.m.

Karen Braun@kannbwx

 3day period since July 5, 2017.

Here's the net positions through March 17 for CBOT #soymeal and #wheat fut+opt. Wheat: net short 5,659 (vs net long 16,682 in prior wk) Soymeal: net long 16,100 (vs net short 2,135 in prior wk)


#Wheat and #soymeal futures have been on the move in the days since. Most-active CBOT wheat: +8% Wed-Fri, most for a 3day period since May 1, 2018. Most-active CBOT soymeal: +9% Wed-Fri, most for a

By metmike - March 23, 2020, noon
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Karen Braun@kannbwx


This is a pretty wild chart. Managed money gross CBOT #wheat longs on March 17 hit the lowest level since July 2016, just 4 weeks after the all-time high. Funds slashed outright longs thru March 17 by 32k (2nd largest for any week).

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By metmike - March 23, 2020, 12:01 p.m.
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Through March 17, funds:Sold net 31.5k CBOT #corn fut+opt contracts (net short now 92k). Much less selling than expected BUT gross longs drop by 43k - largest in 2 years.Sold 4.2k #soybeans (net short now 30.6k)Nearly erased #soyoil net long (now 1.7k)ImageImageImage

Funds also staged their largest-ever 2- and 3- week selloff of #sugar futures and options through March 17. The net long dropped to 3,590 from 67,889 a week earlier.


By metmike - March 23, 2020, 12:02 p.m.
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Here's the full weekly summary through March 17 (disag. fut+opt): Daily fund estimates (which are not ALWAYS accurate ) suggest funds did the following in futures Wed-Fri:#Corn -22k#Soybeans +28k CBOT #wheat +26k#Soymeal +25k #Soyoil +0.5kImage