Grain Express 05/31/22
Posted: May 31, 2022, 8 a.m.
Corn (July)
Fundamentals: Friday’s CoT report showed Managed Money were net sellers of 48,242 futures/options contracts through May 24th, trimming their net long position to 291,469 futures/options contracts. Broken down, that is 355,178 longs VS 63,709 shorts. Analysts are expecting to see the U.S. corn crop at 84% planted in this afternoon’s weekly Crop Progress report.
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Soybeans (July)
Fundamentals: Friday’s CoT report showed Managed Money were net buyers of 15,732 futures/options contracts through May 24th, trimming their net long position to 163,067 futures/options contracts. Broken down, that is 176,620 longs VS 13,553 shorts. Analysts are expecting to see the U.S. corn crop at 67% planted in this afternoon’s weekly Crop Progress report.
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Wheat (July)
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