PDF attached
For the week ending June 28, not only the traditional funds sold more longs than expected, but the index funds were heavy sellers, bias corn and soybeans, relative to other weeks. We are not surprised as many agriculture commodities rolled over last week. Largest surprise we saw was the massive open interest move in combined futures and options for corn, down 343,800 contracts just over a one week period. We are unsure when the funds will be lifting the petal from long liquidation, as they have been good sellers over the last two out of the three past trading sessions.
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
One Lincoln Center
18 W 140 Butterfield Rd.
Oakbrook Terrace, Il. 60181
W: 312.604.1366
ICE IM: treilly1
Skype: fi.treilly
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CommitFI070122.pdf