for the World's
Agriculture Industry
Since 1988
For full site access
Lost Password?
Customer Center
Trade Directory
Special Crops
Beans
Lentils
Peas
Chickpeas
Birdseed
Mustard & Other
Spices & Herbs
Dried Fruit & Nuts
Supply-Demand
The rest of Agriculture
Bio-Energy
Commentary
Grain
Oilseed
Livestock
Poultry
Cotton & Wool
Fresh Fruit & Vegetables
Dried Fruit & Nuts
Dairy
Technology
General
Organic
Just for Growers
Cash Markets
Futures Markets
Weather
Price Graphs
Export Data
Supply-Demand
Subscribe Today!
Privacy Policy
Subscriber Agreement
Ag Links
Affiliates
Add Headlines!
To your website!
Markets Open Week in Relative Calm
CHICAGO - Feb 5/07 - SNS -- International agricultural commodity markets started the week's trading on a relatively quiet note, though Egyptian buyers were active on spot wheat markets over the weekend.
Friday's Commitment of Traders report with options showed the corn market in a positive setup with non-commercial traders net long near 313,000 contracts and non-reportable traders net short near 65,000 contracts, say analysts at the Chicago Board of Trade (CBOT).
The new supplemental report showed that trend following funds (non-commercial traders) were net long 279,943 contracts, not the net long of 313,359 contracts posted in the traditional report. Index funds decreased their net long position by 6,177 contracts for the week to 350,009 contracts.
For soybeans, the Commitment of Traders report showed the market in a classic bullish setup with non-commercial traders net long near 84,000 contracts and non-reportable traders net short near 21,500 contracts, argue CBOT analysts.
The new supplemental report showed that trend following funds (non-commercial traders) were net long 71,437 contracts, not the net long of 83,860 contracts (new record high) posted in the traditional report. Index funds decreased their net long position by 161 contracts for the week to 133,886 contracts. The buying trend of trend following funds is seen as a short term positive force.
In the case of wheat, Friday's Commitment of Traders report with options showed the market in a positive setup with non-commercial traders net long near 7,500 contracts and non-reportable traders net short near 29,000 contracts.
The new supplemental report showed that trend following funds (non-commercial traders) were net short 14,251 contracts, not the net long of 7,488 contracts posted in the traditional report. Index funds increased their net long position by 908 contracts for the week to 191,428 contracts.
Subscribers can read the full text of the article by Clicking here
|
Subcribers get complete access to all articles and special sections on the STATpub website. To subscribe just click on Subscribe Now! Add AgMarket News headlines Use of Information Copyright © 1988-2008 STAT Communications Ltd., Canada. All Rights Reserved. This information may not be republished in part of in full in any form whatsoever without the prior written consent of STAT Communications Ltd. The article on this page may not be harvested and reprinted on any website. However, we encourage links back to this or any other public article on our website. Disclaimer The information in this article is provided without any warranty of any kind whatsoever. By accessing this service, you agree that STAT Communications Ltd. will not be liable for any expenses, losses or costs that may be incurred by the interpretation and use of the information in this website, nor as a result of the information on this site being inaccurate or incomplete in any way. |