Funds last week +more 5-16-22
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Started by metmike - May 16, 2022, 11:37 a.m.

metmike: This will make C/S vulnerable to the downside if weather conditions become favorable but NOT limit the upside if/when it turns hot/dry, especially after the planting delays are no longer an issue.


Money managers in the week ended May 10 cut their net long positions in both CBOT #corn and #soybeans. Their two-week soybean selloff was the largest since June 2021. Timing of this corn/soy selling is similar to a year ago, but funds remain very bullish relatively speaking.


By metmike - May 16, 2022, 3:29 p.m.
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NOPA U.S. crush, April 2022:169.788 mln bu of #soybeansBelow trade guess of 172.37MUp 5.9% from Apr 2021Soyoil stocks 1.814 bln lbsBelow expectations of 1.839BSmallest stocks since Sept