Grain Express 12/08/22

Posted: Dec. 8, 2022, 8:39 a.m.

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Weekly Export Sales

Corn  

Net sales of 691,600 MT for 2022/2023 

Soybeans

Net sales of 1,716,200 MT for 2022/2023 

Total net sales of 30,000 MT for 2023/2024

Wheat

Net sales of 189,900 MT for 2022/2023 


Private exporters reported the following activity

  • 118,000 metric tons of soybeans for delivery to China during the 2022/2023 marketing year
  • 718,000 metric tons of soybeans for delivery to unknown destinations during the 2022/2023 marketing year

Total: 30,717,733 Bushels of Beans

Corn (March)

Managed Money Position: 193,989 (Updated with the weekly CoT Report)

Seasonal Trend in Play:  March corn futures have trended higher from November 16th to January 4th for 13 of the last 15 years.

ZCH2023_2022-12-08_08-06-46

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Soybeans (March)

Managed Money Position: 103,196 (Updated with the weekly CoT Report)

Seasonal Trend in Play:  March soybeans have trended higher from November 16th to January 9th for 14 of the last 15 years.  

ZSH2023_2022-12-08_08-07-03

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Wheat (March)

Managed Money Position: -53,058 (Updated with the weekly CoT Report)

Seasonal Trend in Play: None

ZWH2023_2022-12-08_08-07-22

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