Started by metmike - Jan. 10, 2022, 3:08 a.m.
Corn+soy open interest is relatively average vs recent years, but CBOT #wheat at about 440k is below normal levels.
That is 16% off a year ago but about a third lower than levels reached in Jan/Feb 2020. Funds got very bullish wheat 2yrs ago (trying to recall why...)
By metmike - Jan. 10, 2022, 3:09 a.m.
Open interest for CBOT #corn & #soybeans one year ago was extremely far above anything ever observed on the date, eventually reaching an all-time high in Feb.
As of Jan. 4, combined open interest at 2.66M contracts is 27% below a year earlier but very similar to the 2020 levels.