11.
05.16
19:00

The CFTC numbers from the 03.05.2016 for the wheat and maize

In the last week of the report, the net short positions when the wheat speculator in Chicago has remained unchanged. A minus 1.436 contracts resulted in a total 62.241 NET short positions.

The current USDA figures by the may 2016 estimate the figures of the business year ESES first 2016/2017. In the cereals that are "Bears let off the leash", i.e. in the fourth year of consecutive surpluses are worldwide and expected increasing final stocks (plus 10 million tonnes) at a far above-average stock to use (24.7%). In particular the wheat excels with increasing final stocks (plus 14 million t) now 257 million tonnes and with a far above-average stock to use ratio of 36%. In the coarse grain (which is over 80% of the grain maize) it not so "bärisch" looks Fortunately for farmers. A small inventory reduction by 4 million tonnes at least not worsening the situation, passes the closing stock at a very high level but also no air to the sustainable recovery, given that (241 million tonnes, stock to use ratio 18.5%) are.

Now, the first estimate of the WJ 2016/17 has still much potential for change, but who hoped for fast-rising rates will be disappointed first.

In the last week of the report to the 03.05.2016 the net long positions to 8,749 contracts on 71.032 net long positions decreased at the corn speculators in Chicago. Prices eased slightly.

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