Grain Express 12/13/22
Posted: Dec. 13, 2022, 10:38 a.m.
Watch yesterday's CME grain commentary
Export Sales to Unknown DestinationsPrivate exporters reported sales of 140,000 metric tons of soybeans for delivery to unknown destinations during the 2023/2024 marketing year. That's 5,144,118 bushels. A Look at the Outside MarketsOutside markets took off like a rocket on the back of this morning's CPI data which came in softer than expected and was the biggest drop since 2020. |
Corn (March)
Managed Money Position: 119,189 (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.
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Soybeans (March)
Managed Money Position: 100,755 (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.
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Wheat (March)
Managed Money Position: -63,098 (Updated with the weekly CoT Report)
Seasonal Trend in Play: None
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