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Chicago wheat speculators' net short position rose to 145,735 contracts, close to a four-year high. The corn net short reached 206,624 contracts, also near a four-year high, based on CFTC data for December 26, 2017.
Large speculative short positions can fuel short-covering rallies, which limits further downside. The Paris wheat trend depends more on Russian exports and the euro/dollar rate.
zmp.deDec 31, 2017Not 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.
