Corn
- Last week funds bought 1,149 bringing their position to 339,711
- 10 Year Shortest (322,215) 10 Year Longest 408,854
- 2022 Shortest 325,514 (2/15/22) 2022 Longest 404,104 (4/5/22)
Soybeans
- Last week funds bought 16,674 Soybeans bringing their position to 147,335
- 10 Year Shortest (168,835) 10 Year Longest 253,889
- 2022 Shortest 98,919 (1/4/22) 2022 Longest 180,334 (2/22/22)
Chicago Wheat
- Last week funds bought 11,039 loads of CHI Wheat bring their position to 26,586
- 10 Year Shortest (162,327) 10 Year Longest 80,827
- 2022 Shortest (34,658) (2/15/22) 2022 Longest 47,939 (4/5/22)
Live Cattle
- Last week the funds sold 4,321 Live Cattle bringing their position to 25,628 (New Low For the Year)
- 10 Year Shortest (47,428) 10 Year Longest 108,778
- 2022 Shortest 25,628 (5/17/22) 2022 Longest 86,061 (2/15/22)
Lean Hogs
- Funds sold 10,563 contracts of Lean Hogs last week bringing their position to 10,563 (New Low for the year)
- 10 Year Shortest (47,428) 10 Year Longest 108,778
- 2022 Shortest 10,563 (5/17/22) 2022 Longest 79,242 (2/15/2022)
This week was a lot like last week with the funds being buyers in the grains while they added more then 10,000 contracts in both the Soybeans and the Wheat, and a slight addition in Corn. They also continued to lay off risk in the livestock sector, scaling their position to the smallest it has been so far in 2022.
When looking at the action since last Tuesday it appears that the selling has dried up in the Lean Hogs, but we may have some more in the Live Cattle. One could contend that they opposite is true in the corn and the wheat, as the market has suffered some pressure since last Tuesday perhaps signaling that the buying has dried up.
Looking to Trade or Hedge Commodities? Please reach out and let’s chat…
David Ericson
712.435.7402
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