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

david@agoptimus.com

Receive Relevant and Timely Grain Market Reports that Matter!

Get updated twice a week with concise, direct information that you can use in grain trading, marketing, and farm management


Better yet, become a customer and get DAILY updates, fundamental, and technical, sent straight to your Inbox! Contact Us now to get started.

RISK DISCLAIMER: Trading in commodity interest products such as futures, options and otc swaps entails significant risks of loss which must be understood prior to trading and may not be appropriate for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. The placement of contingent orders by you or broker, or trading advisor, such as a stop-lossor stop-limitorder, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. Long options strategies could lose their entire premium plus transactional costs. Short options strategies entail unlimited risk of loss plus transactional costs. The information presented represents the opinion of Ag Optimus. Past performance of actual trades or strategies cited herein is not necessarily indicative of future performance. Futures prices factor in the seasonal aspects of supply and demand. This communication may cite historic data and should not be taken to mean certain trades can produce dramatic profits year in and year out. This information does not imply customers have or will experience profits based on seasonal trades or trade data. All information, communications, publications, and reports, including this specific material, used and distributed by Optimus Futures, LLC (“Optimus”) shall be construed as, or is in the nature of, a solicitation for entering into a derivatives transaction. Optimus does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71. This email may include information produced by third parties. Material not labelled Optimus Futures should be considered to be third-party, and is provided for informational purposes only. Third-party material is from sources believed to be reliable, but its accuracy is not guaranteed by Optimus Futures. Optimus Ag and Ag Optimus are registered dbas of Optimus Futures LLC [NFA ID 0481133] CONFIDENTIALITY NOTICE: Privileged/Confidential information may be contained in this message. If you are not the intended recipient, please notify the sender immediately and you must not use the message for any purpose nor disclose it to anyone. Communications on all mediums may be recorded.