This year ends with a peek at the latest numbers from the CFTC’s Commitment of Traders (COT) report. The chart below shows the net reported positions of the four different reporting groups. The producer/merchant/processor/user (PMPU) group is the commercial sector of the markets. However, the large speculative funds known as Pools is the sector of most concern. Note that the size of its short in Chicago wheat and corn futures remains record or near-record large. The Pools position in soybeans has shifted from a modest long three or four weeks ago to a small net short position at year-end, and this could be one of the keys to how the soy complex reacts in early 2018.
Weather in Argentina will be one of the key factors in the directi...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
