Every minute of every trading day, trading signals are assessed on a portfolio of 30 futures markets and tracked in a very high level of transparency and accountability.
The market is softer this morning on the back of a tweet from President Trump. “was supposed to start buying our agricultural product now - no signs that they are doing so.
Corn futures softened up last week as better weather started to appear on intermediate-term forecasts. This is undoubtedly good news for what is in the ground, but there is still an enormous amount of uncertainty regarding how many acres got in the ground.
Corn futures and soybeans continue to chop around as participants wait for new news to give the market a new direction. We would not be surprised to see the market hold bid into the weekend where we may get weather premium and trade talk premium.
We aren’t holding our breath for a trade deal but acknowledge that continuing talks is a good thing and a deal will be done at some point, even if that means years from now.
The Commodity Futures Commission's weekly Commitment of Traders gives a snapshot view of how Leveraged Funds and Managed Money is positioned in US Futures and commodity markets. These are typically hedge funds, CTAs, CPOs and various types of money managers.
