Open Calls – higher

25-45 soybeans

$5-10 meal

SBO 200-250

Corn 10-20

Chicago wheat 35-45

KC wheat 35-45

Mn wheat 25-35

 

WTI is trading higher Sunday

 

OI fell a large amount on Friday

 

 

 

First Notice Day Deliveries

 

 

CFTC Commitment of Traders

The volatility that started last week was reflected in how analysts estimated the net fund positions.  Funds were much less long than estimated for soybeans, Chicago wheat and to lesser extent soybean meal.  One interesting thing we saw was index funds adding to their long positions.  The index fund net long position for combined soybeans, meal, soybean oil, corn, Chicago wheat and KC wheat was a record for the week ending February 22 of 1.096 million contracts.  Managed money added 28,900 futures & options contracts to their net long position. 

 

 

 

 

 

 

 

 

 

Terry Reilly

Senior Commodity Analyst – Grain and Oilseeds

Futures International
One Lincoln Center
18 W 140 Butterfield Rd.

Suite 1450

Oakbrook Terrace, Il. 60181

W: 312.604.1366

treilly@futures-int.com

ICE IM:  treilly1

Skype: fi.treilly

 

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