What's next for wheat?

Market Pulse for May 28

COT Data

The past week in the Disaggregated COT we saw the bearish posture continue with Producers dropping net shorts from -66,533 contracts to -41,459 contracts. And see how Managed Money added increased net shorts from -20,916 contracts to -46,565 contracts, now with a larger net short position than producers. And do not forget about the Swap Dealers moving from 106,031 contracts net long to 107,757 contracts net long.  

If you need help understanding how to understand how to use the NEW COT report to your benefit get instant access to my new e-book "What Lies Beneath ALL Trends". It is filled with eye opening information.Commercial Net Tracker instructions: This form tracks the Commitment of Traders (COT) data for the commodity futures market. This form "looks" at the most recent five weeks of COT data and provides visual indications of the data. A) If the current value is at a 12-month low, the cell will display a red/burgundy background. B) If the current value is at a 12-month high, the cell will display a green background. C) If the current value went from net negative to net positive, the cell will display a blue background (indicating a bullish condition). D) If the current value is both a 12-month high and also went from a net negative to a net positive, the background will be green. You should view the data with green backgrounds to determine if they also went from net negative to net positive.

Proceed to Page 3 for this week's detailed fundementals...

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