| They were "only" at -1.5 byn bushels net short last week.. this week they upped it to 1.8 byn bushels.. more than the Corn Carryout.
How do you make a WASDE report that satisifes that? Even if it is bearish.. already "baked in." | | | | | | | | | | | | | Non Commercial positions | | | | | | | | | | | | Long | | Short | | Net | | | | | | | | | | | | | | | | | | SRW Wht | | 48,148 | | 145,914 | | -97,766 | | | | | | | chg | -1,459 | | 13,016 | | -14,475 | | | | | | | | | | | | 0 | | | | | | HRW Wht | | 32,915 | | 51,055 | | -18,140 | | | | | | | chg | 898 | | 4,068 | | -3,170 | | | | | | | | | | | | | | | | | | HRS Wht | | 3,092 | | 8,648 | | -5,556 | | | | | | | chg | 154 | | 797 | | -643 | | | | | | | | | | | | | | | | | | | | | | Total Wht | -121,462 | | -607,310,000 | bushels | | | | | | | | | | | | | | | Corn | | 154,029 | | 322,779 | | -168,750 | | -843,750,000 | | | | | chg | 1,155 | | 29,213 | | -28,058 | | | | | | | | | | | | | | | | | | Beans | | 55,531 | | 125,289 | | -69,758 | | -348,790,000 | | | | | chg | 2,345 | | 15,648 | | -13,303 | | | | | | | | | | | | | | | | | | | | | | | | | | -1,799,850,000 | bushels | | | | | | | | | | | | | | | Source: | | http://www.cftc.gov/dea/futures/ag_sf.htm | | | |
Funds increase their short positions.
