Suggested Event
Jun 15, 2021 to Jun 17, 2021
Missed some market news this week? Here s what Jaquie Holland, Ben Potter and our Ag Marketing IQ bloggers have been writing about.
Ag Marketing IQ
Big speculators weren’t the only force driving corn futures a dollar or more off their highs in May. But these so-called hedge funds certainly helped accelerate the downturn over the last two weeks, trimming bullish bets by more than 95,000 contracts worth some 475 million bushels. Still, these professional gamblers may not be the real force behind corn’s ups and downs in 2021. Their net long positions actually peaked way back in January, just after nearby futures topped $5 for the first time since 2014. Instead, activity by commercial traders may offer a better overview of both today’s market and prospects for the rest of the year and beyond.
Morning Market Review for May 27, 2021 farmprogress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from farmprogress.com Daily Mail and Mail on Sunday newspapers.
Weather, supply, demand and “a tale of two funds” all playing roles right now. (audio)
Suggested Event
Jun 15, 2021 to Jun 17, 2021
Grain prices have been on a downward trend for much of May, due to a variety of factors. Mostly agreeable weather has traders still expecting trendline yields or higher for the most part. Supplies are low, but that’s not “new news” and has already been baked into prices. Demand has been robust overall but uneven as of late.
In the latest Midweek Markets, we talked through many of the top factors affecting grain prices this week, such as supply, demand, weather, ethanol trends and more. And be sure to stick around to the end to hear a bonus discussion on whether we think the “alt meat bubble” is about to pop!