The CFTC data for wheat and maize from the 2nd convened 2014

The net positions at the Chicago wheat to 5,062 contracts on 51.860 NET short positions have increased in the reporting week to the 02.09.2014. This remains the selling mood of speculators and showed no great reason for price jumps upward. The latest USDA figures are expected on Sept. 11, 2014, and it is certainly no secret that the estimated wheat closing inventories grow rather than vice versa. The hope of the farmers on rising prices remains rather subdued and it would be advisable to deal with smaller subsets to market the harvest of 2014 and 2015 in particular. Due to the negative base for the harvest of 2015 (Oct.-Dec. 15-4 euro / t) Rhenish processors a hedge in the futures market to sale on the spot market is free to prefer.

In the same week of the report the net positions at the Chicago corn 12.523 contracts have accumulated on a total 80.116 net long positions. It is still the majority of Chicago speculators on the buyer side and thus of the opinion that prices will not continue to decline. This hope was for a short time nurtured by the upcoming early frosts in the United States, but by the expected growing closing stock at the next USDA numbers little substantial impact. The main argument of the buyer is therefore certainly already low corn prices, moving to the weak level of harvests in 2008 and 2009.

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