Author Nathan Harris, Ag Optimus, Akron Branch
COT data attached, with managed money movement shown on the table below. Big fund buying in corn, pushing their net long up to 165k. The market pulled back at the end of the week, but with USDA showing us a declining carryout projection it’s possible the funds sit tight with their length going into the winter.
MM$ pushed their feeders to a record long, approaching the 20k contract mark. They reduced their length in hogs slightly, now net long 130k (still massive historically).
Not much news over the weekend. It’s hard to believe we close the books on 2024 in a couple of weeks!
Source: ADMIS

