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Grain Markets Continue to See Heavy Fund Selling

14 Mar 2019

• 14 Mar 11:03

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Grain markets are higher overnight after being down sharply on favorable weekend weather in South America with significant harvest advancement. Commodity funds were net sellers of CBOT wheat, corn, soybean and soymeal futures contracts and net even in soyoil futures. As of March 8th, commodity funds were short 212,800 corn contracts, short 66,300 soybean contracts, short 84,400 wheat contracts, short 50,200 soymeal contracts and long 16,000 soyoil contracts. President Trump's 2020 budget proposed a 15% cut for the USDA, calling its subsidies to farmers "overly generous" at a time when they are going through the worst crisis in decades because. Read more...