Loading…
Grain futures hit contract lows on April 29 with soybeans, soybean meal and wheat falling, while corn ended higher. USDA extended the MFP payment certification deadline to May 17, and the CFTC showed speculators record short corn and soybean positions.
Heavy fund short positions in corn and soybeans create short-covering risk, while wet planting weather and weak wheat and soymeal prices point to ample feed supply.
kyfb.comApr 29, 2019Not 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.
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.
Reports wheat falling to contract lows on April 29 amid record speculator short positions, directly describing the day's move.
