Grain Express 05/23/22
Posted: May 23, 2022, 8:05 a.m.
Corn (July)
Fundamentals: Commitments of Traders: Friday’s CoT report showed Managed Money were net buyers of 1,149 futures/options contracts, expanding their net long position to 339,711 futures/options contracts. Broken down that is 386,154 longs VS 46,443 shorts.
Corn futures are finding moderate strength as we start a new week of trade. Crop Progress will be out after the close, analysts are expecting the U.S. corn crop to be 65% planted.
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Soybeans (July)
Fundamentals: Commitments of Traders: Friday’s CoT report showed Managed Money were net buyers of 16,674 futures/options contracts, expanding their net long position to 147,335 futures/options contracts. Broken down that is 163,464 longs VS 16,129 shorts.
Soybean futures are higher to start a new week of trade. Crop Progress will be out after the close, analysts are expecting the U.S. soybean crop to be 49% planted.
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Wheat (July)
Fundamentals: Friday’s CoT report showed Managed Money were net buyers of 11,038 futures/options contracts, expanding their net long position to 26,586 futures/options contracts. Broken down that is 97,063 longs VS 70,477 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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