Funds have been short covering, with 13,000 corn shorts and 7,000 bean shorts covered in the latest Commitment to Traders report. Despite this, funds still hold significant short positions in both markets, indicating a slow pace of short covering.

As we approach the end of March, we may see an increase in fund short covering, especially with the acreage report looming. Additionally, news from Russia regarding export certifications for wheat caused a spike in overseas wheat markets, impacting our domestic wheat market.

‍

image author
Ryan Ettner
Energy Enthusiast
I have spent 7 years CBOT grain floor, and have worked my entire life working on my family farm. I am familiar with various markets, but love trading crude, specifically.

look at latest Podcasts

View All

Wake Up Call

Pete Affrunti

Midday Mayhem

Greg McBride

Wake Up Call

Ben Breisch

CommodityCast is a group of agriculteral professionals navigating their way through the markets and sharing their journey along the way.

Stay Tuned For More From CommodityCast
This material has been prepared by a sales or trading employee or agent of Allendale Inc. and is, or is in the nature of, a solicitation. This material is not a research report prepared by Allendale’s Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions. DISTRIBUTION IN SOME JURISDICTIONS MAY BE PROHIBITED OR RESTRICTED BY LAW. PERSONS IN POSSESSION OF THIS COMMUNICATION INDIRECTLY SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH PROHIBITION OR RESTRICTIONS. TO THE EXTENT THAT YOU HAVE RECEIVED THIS COMMUNICATION INDIRECTLY AND SOLICITATIONS ARE PROHIBITED IN YOUR JURISDICTION WITHOUT REGISTRATION, THE MARKET COMMENTARY IN THIS COMMUNICATION SHOULD NOT BE CONSIDERED A SOLICITATION. The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that Allendale Inc. believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.
webflow icon
Buy this Template
All Templates
Hire a Webflow Professional to build a website using this template. Learn More
Make an Appointment
Get A Quote