The February USDA supply and demand report will be released Thursday. Will we see the funds cover some shorts going into that report? As of the most recent Commitments of Traders report, the funds were short 280,000 contracts of corn, short 108,000 soybeans, and are holding a combined short position in wheat of 125,000 contracts.
Get our daily in-depth analysis delivered directly to your inbox by 5:30 AM CST each morning, along with other services created specifically for farmers, when you become a Kluis Commodity Advisors client. Try our Kluis Commodity Advisors 30-day free trial to test it out.