📊 Takeaways:
- Corn bears are in control in the short term despite supply-side support
- Soybeans quietly bid, but not aggressively
- Cattle complex looking toppy—watch momentum
- Weather, planting pace, and fund flows will drive next week’s tone
Author: Nathan Harris, Ag Optimus, Akron, IA Branch
Weekly Managed Money Breakdown | Market Sentiment | Crop Weather & Technical Risks
📉 Corn Sinks Despite Friendly WASDE
Managed money data for the week ending Tuesday, May 14, shows significant position shifts, most notably in corn.
Despite Monday’s supportive WASDE report, heavy fund selling pushed corn to fresh lows last week.
🧭 Key Drivers:
- 85k contracts short in corn
- 38k contracts long in soybeans
- Weather and planting progress remain non-threatening for now
- 🌧️ Recent rains in the Western Corn Belt are easing drought fears—but we’re not out of the woods yet
👀 Elwin Taylor’s drought call was gaining traction… until the clouds opened up.
🐄 Livestock Supported—But a Trap?
Funds remain solidly long the cattle complex, but last week’s sharp midweek reversal raises questions.
- Feeder Cattle: Managed money remains aggressively long
- Wednesday’s price action may suggest a cycle high is forming
- Live and feeder charts flashing technical red flags
💬 Timing is everything. Charts like this make you ask: “What could go wrong?”
Images: ADMIS
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