Grain Express 7/11/22
Posted: July 11, 2022, 8:21 a.m.
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Corn (September)
Commitments of Traders Update: Friday’s CoT report showed Managed Money were net sellers of 55,748 futures/options contracts through July 5th. 30,446 was long liquidation and 25,302 were new shorts. This shrinks the net long position to 172,867 futures/options. Broken down, that is 244,288 longs VS 71,421 shorts. This is the smallest position they’ve held since October 2020. If you’re new to grain trading, you may think that funds nearly always hold a net long position (like they do in live cattle). That couldn’t be further from the truth.
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Soybeans (August)
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