Loading…
Hedge funds raised their net long in the top 13 US-traded agricultural commodities to above 700,000 contracts, a three-month high, led by a soymeal buying spree and an eighth straight week of corn purchases. USDA's late-September corn rating of 52% good or excellent was the lowest September reading since 2012.
Heavy fund buying of soymeal and corn adds upward price pressure, while poor US corn conditions support feed grain prices.
grainpricenews.comMike VerdinSep 26, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
