Agri Blog

AgOptimus on Commodity “Money Flow” – Week of 3/14/22

Corn

  • Last week funds bought 19,562 bringing their long position to 368,784
  • 10 Year Max Short (322,215) 10 Year Max Long 429,189
  • 2022 Min Long 326,523 (1/18/22) 2022 Max Long 372,551 (2/1/22)

Soybeans

  • Last week funds sold 4,007 Soybeans leaving them net long 171,714
  • 10 Year Max Short (168,835) 10 Year Max Long 253,889
  • 2022 Min Long 98,919 (1/4/22) 2022 Max Long 180,334 (2/22/22)

Chicago Wheat

  • Last week funds bought 27,244 loads of CHI Wheat bring their position to 20,208 (New High for Year)
  • 10 Year Max Short (162,327) 10 Year Max Long 80,827
  • 2022 Max Short (29,552) (2/8/22) 2022 Max Long 20,208 (3/8/22)

Live Cattle

  • Money managers were big sellers in the cattle Selling 21,601 leaving them net long 38,551
  • 10 Year Max Short (47,428) 10 Year Max Long 108,778
  • 2022 Min Long 38,551 (3/8/22) 2022 Max Long 85,433 (2/22/22)

Lean Hogs

  • Funds were sellers of reducing their position by 8,487 bringing it to 66,019
  • 10 Year Max Short (47,428) 10 Year Max Long 108,778
  • 2022 Min Long 48,795 (1/18/22) 2022 Max Long 79,961 (2/15/2022)

For the week it was a mixed bag in the grains as the funds were buyers of Corn and Wheat, but sellers in the Soybeans. Funds are now Net Long CHI Wheat for the first time since December 7th of last year. That being said since last Tuesday when this report was printed, MAY CHI Wheat has dropped more than $2.00, so next weeks report might tell a different story. The market has been headline driven over the past couple of weeks, while the United States seems to make grain export sales every day, at some point in time the narrative should shift to domestic production and supplies.

Meanwhile in the livestock the funds seem to be lighting their load they sold a large amount of cattle and hogs. There is nothing saying that the funds wont continue to trim up their position, but historically speaking their position is pretty trim.

Looking to Trade or Hedge Commodities?  Please reach out and let’s chat…

David Ericson

712.435.7402

david@agoptimus.com

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