IAG Blog Archives:   by Tag: wheat

November 20, 2017 | | soybean russia wheat

US Expansion of Soybean Area Leaves the Wheat Market More Reliant on Russia

US Expansion of Soybean Area Leaves the Wheat Market More Reliant on Russia.

How did we get record inventories of grains and vegoils? World wheat yields at or above trend five years in a row, record US corn and soy yields 3 of the last 4 years, record Brazilian corn and soy yields in 2016, and expanded wheat area and record wheat yields in Russia two years in a row.

May 26, 2017 | | ag_commodities soybeans wheat corn

Spec Funds Still Like Ag Commodities

The volatility in agricultural commodities has disappeared – kind of. Ag commodities are back in their “happy place” of abundance and oversupply, waiting for a weather event. One might expect that the spec funds, aka Managed Money (MM), have left for greener ($) pastures. This is not the case. The data shows they never left. They have however, changed the way they bet.

The change over the last five years has been their propensity to bet on the short side. Take a look at the data – graphs below – the growth in the short side bet is obvious. The graphs show the combined open interest for managed money long and short. The first graph totals all open interest for CME corn, soybeans, soy meal, soy oil, wheat, and KC wheat.


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