Farm Progress

Funds sold ag at just the wrong time

Big speculators cut risk before USDA shocker.

Bryce Knorr 1, Senior Market Analyst, Farm Futures

April 2, 2018

9 Slides

A holiday weekend and the end of the first quarter of 2018 provided plenty of incentive for fund managers to reposition their bets last week. Grain traders had another incentive: USDA’s end-of-March reports that roil markets many years.

Here’s what funds were up to through Tuesday, March 27, when the CFTC collected data for its latest Commitment of Traders.

About the Author(s)

Bryce Knorr 1

Senior Market Analyst, Farm Futures

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