PDF attached
The trade missed the funds positions for soybeans and corn by a very large amount. Chicago wheat, meal and soybean oil were also less long than expected.
SUPPLEMENTAL Non-Comm Indexes Comm
Net Chg Net Chg Net Chg
Corn 297,888 19,173 399,550 5,605 -676,759 -25,356
Soybeans 178,243 12,675 179,658 2,420 -358,792 -16,815
Soyoil 77,577 4,916 123,391 -1,667 -223,014 -3,866
CBOT wheat -21,540 -3,418 133,160 -629 -96,964 1,578
KCBT wheat 30,797 -735 70,407 480 -100,798 1,212
=================================================================================
FUTURES + OPTS Managed Swaps Producer
Net Chg Net Chg Net Chg
Corn 265,713 15,454 243,890 -3,392 -641,500 -18,078
Soybeans 188,623 -1,595 100,702 -1,540 -351,975 -14,160
Soymeal 83,385 6,179 67,353 -1,342 -203,050 -12,511
Soyoil 101,253 3,534 88,457 -1,055 -233,265 -2,580
CBOT wheat 6,233 -438 81,164 -61 -85,639 1,453
KCBT wheat 51,544 -1,068 44,094 1,566 -98,142 -303
MGEX wheat 2,420 -969 2,733 -34 -12,336 -172
———- ———- ———- ———- ———- ———-
Total wheat 60,197 -2,475 127,991 1,471 -196,117 978
Live cattle 47,698 6,430 67,721 -498 -129,375 -6,769
Feeder cattle 3,358 835 7,665 22 -4,215 111
Lean hogs 32,854 1,109 49,114 362 -76,760 1,882
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
One Lincoln Center
18 W 140 Butterfield Rd.
Oakbrook Terrace, Il. 60181
W: 312.604.1366
ICE IM: treilly1
Skype: fi.treilly
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CommitFI122820.pdf