Funds
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Started by metmike - Sept. 14, 2020, 1:24 p.m.

@kannbwx

Funds, net position Sept. 8 - # of fut+opt contracts (weekly delta):

#Corn +33.5k (+14.9k)

#Soybeans +174k (+11.3k) CBOT

#wheat +23.2k (-9.3k) KC +8.9k (+5.8k) Minne -4.9k (+5.1k) 

Soymeal +32.1k (+16.2k) Soyoil +85.3k (+3.7k)

#Hogs +33.6k (+4.8k)#Cotton, +46.5k (-6.8k)

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Re: Funds
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By metmike - Sept. 14, 2020, 1:25 p.m.
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Here's a look at #hogs and soybean meal. In lean hogs, funds are the most bullish since Aug. 13, 2019 (and that position does not include the Thurs-Fri surge in futures). In meal, funds are the most bullish since the end of March.

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Re: Re: Funds
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By metmike - Sept. 14, 2020, 1:28 p.m.
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Producers' net short in CBOT #soybeans is RECORD large for the time of year - just barely edging 2012 - at 302,565 fut+opt contracts as of Sept. 8. 

Producers also hold their largest #corn short since 2015 for the time of year at 240,885.


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By metmike - Sept. 14, 2020, 1:30 p.m.
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@kannbwx

Funds were record bullish the soybean-corn spread back in June. They still favor #soybeans now (most bullish bean-#corn for time of year since 2016), but the position is less than half as strong as three months ago.


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By metmike - Sept. 14, 2020, 1:30 p.m.
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@kannbwx

Estimates for fund buying in futures, Wed-Fri:

#Corn +23.5k

#Soybeans +21.5k CBOT

 #wheat -1k Soymeal +9.5k Soyoil +2k