Grain Express 05/02/22
Posted: May 2, 2022, 8:14 a.m.
Corn (July)
For the week, July corn was 24 ½ cents higher and 80 ½ cents higher for the month.
Commitments of Traders Update: Friday’s CoT report showed funds were net sellers of 18,455 futures/options contracts, through April 26th. This shrinks their net long position to 360,655 futures/options contracts. Broken down that is 377,761 longs VS 17,106 shorts.
Soybeans (July)
For the week, July soybeans were down 3 ¼ cents but up 86 ¾ cents for the month.
Commitments of Traders Update: Friday’s CoT report showed funds were net sellers of 6,248 futures/options contracts, through April 26th. This shrinks their net long position to 173,477 futures/options contracts. Broken down that is 177,794 longs VS 6,317 shorts.
Wheat (July)
For the week, July wheat was down 19 ½ cents, but 53 ¾ cents higher for the month.
Commitments of Traders Update: Friday’s CoT report showed funds were net sellers of 289 futures/options contracts, through April 26th. This shrinks their net long position to 14,180 futures/options contracts. Broken down that is 86,374 longs VS 72,194 shorts.
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Futures trading involves a substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
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