The CFTC data for the wheat and maize by October 21, 2014

Speculators in Chicago see the rate lower limit for the wheat for the time being reached. To reduced the net short positions to 9,016 contracts now total 51.047 NET short positions, the reporting week to the 21.10.2014. So is the vast parts of the speculators of are still of the opinion that the prices fall, but the courses were able to get this and the Atlantic recover something. Main reason for this is the slow corn harvest, primarily with the United States, weather repeatedly interrupted. This results in uncertainty about the end actually recoverable income and especially delayed providing connection with "fresh" corn on the world market. To fill the "gaps", the wheat undergoes an increased demand, what price helps him "in the cracks". We had a similar situation last year already, as you in the months October to December rose courses, but moved down again after the good harvest of maize and its distribution in the world. Other causes for the rise are the reports about the drought in Russia, which is not optimal for the young seed, while the rains to the harvesting in Australia hurt the quality. Finally, also the scarce supply of quality based courses. Technical causes, such as for example the reinforced closing of expiring Nov. 14 contract affect the price formation in Paris. Where in particular the maize harvest risks still (such as formerly Frost) up to the end the recent positive trend in may but not over this fool are the previously estimated world grain supplies at a good level .

Similar to when the wheat speculators at the corn consider the rate lower limit for the time being reached. Increased the net long positions clearly to 38.284 contracts, to 126.952 net long positions. So are the positions still far from the high of the year, but a trend is discernible. Corn prices in Chicago are moving at the end of the reporting week to the 21.10.2014 equivalent of 110 euros / t while are still far superior to the courses in Paris with 142 EUR / t. Low corn prices of recent months have boosted exports and perhaps also the consumption. Let's hope that it stays that way and the reason for this is, not only that one or the other prematurely filled on the stocks with the favourable conditions,

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