13.
07.14
18:52

The CFTC data for wheat and maize from the 8th July 2014

the net short positions of speculators to 3.582 wheat contracts (plus 932 long positions, plus 4.514 short positions) have increased in the last week of the report further on total 44.296 contracts. The number of the seller side of the speculators continue increasing and pushing wheat prices this side of the Atlantic. In the meantime, the current Nov. has also in Paris 14 future reached its previous low. Surprising, because even in the most recent monthly USDA figures the closing stock 2014/15 in the wheat, and specifically in the corn again clearly have increased during the marketing year. Another surplus so far estimated 15 million tonnes in the crop year indicates the cereal surplus of 50 million tonnes in the marketing year 2013/14. If the surpluses continue to rise even more speculators in the net-short range are likely to "wander" and thus put prices under pressure.

in the corn could be stopped the decline in the net long positions in the last week of the report and recorded a slight increase of 5,412 contracts on total 107.60 net long positions. However, the maize prices in Chicago declined further on the equivalent of 115 euros per tonne. After the last USDA-month figures last Friday, but still more speculators are likely to that "Stock change", so that the number of net long positions could fall below the 100,000 threshold and the air for rising prices is always thinner.

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