05.
05.15
18:13

The CFTC data for wheat and maize from the 28 April 2015

The mood at the wheat speculator in Chicago is always "Verkäuferlastiger". The net short positions rose in the last week of the report to 10.289 contracts well above the 100,000 mark. The courses were effective in Chicago and Paris.
As it hinted at in the last few weeks the wheat prices more under pressure. A nearly global good rainfall situation raises the earnings expectation and speaks at the moment against the statistician, which it regarded as not very likely that three years in a row of good production conditions. The fact is: a good wheat crop grows up currently in the strongest export wheat growing regions of the northern hemisphere. Also the maize sowings under favourable conditions in the exporting nation no. 1, the United States, quickly go ahead, more than half of the maize (in previous years 1/3) is in good conditions in the ground to come still the Russian policy, which will significantly reduce the export tax imposed only in February of this year (35 Euro / t) or even abolish. In the latter case Russian exports are to the best of the world, what keeps the prices under pressure. If you price education continue from the (direct) withdraws until recently was the opinion, one must assume maybe in future increasingly that political (also political) factors influence global commodity prices (indirectly). This means that the trends as a result of the increasing weather extremes and the political "stratagems" remain volatile and the rate cycle is another variant-rich. Therefore, increasingly spans sales of part of is to secure an adequate (average) price. This is especially true for those companies that 2015 still have not much sold for harvest and want to sell at the latest in the harvest / must. Also no special supplements for early delivery from the new harvest be expected due to the good care of the connection from the old to the new harvest. From the reasons above fall in the domestic spot market despite the improved basis producer prices for the crop by 2015 and achieve the lowest rate since October last year.

Even when maize the seller side joined to the speculators in the last week of the report clearly to 27.085 contracts on now nearly 100,000 net short positions. Corn prices also showed effect accordingly.

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