Commitment of Traders Recap & Marketing Strategies

Snipped below is Commitment of Traders report from Friday.  Remember the info is as of the previous Tuesday (May 7th).  This shows funds got out of 53% of their short position in corn and 72% of their soybeans in a single week! This spring we have discussed at length the funds large short position that is somewhat unusual for this time of year and that if they were to exit that position it would hopefully give us some positive momentum to the upside.  It appears that is currently happening over last couple weeks.  We were optimistic that size of exit would have given the market a larger rally than we saw last week. 

Seasonal pace update

Corn $4.71z avg Feb - now (67% through seasonal) 

Soybeans $11.81x avg Apr 1- now (27% through seasonal)

Feel free to reach out when you have time. Will plan to touch base over the next week.