Column’s backgrounds keep corn and constant soybean bets, as commercial conversations expect clarity: Braun

Of Karen Braun

Napveville, Illinois (Reuters) -The speculators celebrated the bakery bets at Chicago Corn and La Soja last week hoping that North -American conversations with commercial partners will be able to progress, potentially stimulating exports of North -Americans.

North -American farmers are at the efficient start of spring plantations and crops in South America have good prospects, none of which are particularly supportive.

But the uncertainty of the market is still high as nothing has appeared on the United States Commercial Negotiation Front.

Money managers have occupied a clean position in the future and CBOT CORN options since November. The week ended on April 22, they cut this position to 112,805 contracts of 124,573 the previous week.

The movement was interesting because it included the greater weekly addition of short short positions in six months. However, a significant number of large lengths also entered the image, which suggests a mixed feeling.

Both the long and the underpants were also added to the soy, but the bulls had the edge. Money managers increased their long time to soy CBOT by about 5,000 contracts to 31,067 contracts for future and options.

The July CBOT soybeans in July changed the week ending on April 22. They went up 1.3% in the last three sessions, on Friday reaching the highest price of the most active contract since the beginning of February.

U.S. soybeans could lead to the lowest of the United States-Chinese trade war, as they are the main American exports to China of any kind. The Battle of Crescent Tariff of the two countries has been considered potentially favorable to the soy market, as extremely strong rates can force a rather late agreement.

However, Beijing on Friday denied that there were active conversations, going against the claims of the United States.

In the meantime, reports were on Thursday that Brazil will export more soy in China in 2025 in the midst of the United States-Chinese conflict. But Brazil recently harvested a record soy cultivation, that is, this would probably happen, the trade war or not.

Last week, Corn and Soybean Bulls took a look at Japan, which may be considered to raise his imports of corn and north -American soybeans as part of commercial negotiations. Japan is the second largest and fifth north -American importer.

Soy and wheat products

The money managers of the week ended on April 22 increased their long time in the CBOT soybeans by about 10,000 contracts to 50,899 future and options contracts.

Uncertainty about United States biofuels has led to the feeling of investors from Bullish in Bearish several times in recent months, although recent soy oil demand and robust exports in the United States have recently been supported.