Overnight trade has SRW up roughly 5 cents, HRW up 6; HRS Wheat up 2, Corn is up 1 cent; Soybeans unchanged, Soymeal up $1.00, and Soyoil down 35 points.
Chinese Ag futures (Sep) settled down 53 yuan, down 8 yuan in Corn, up 27 in Soymeal, down 30 in Soyoil, and up 18 in Palm Oil.
Malaysian palm oil prices were down 69 ringgit at 2,330 (basis August) on ideas of increased May production levels.
U.S. Weather Forecast
Tropical Storm Cristobal will slowly advance; the system will then move at a greater rate to the north across the Gulf of Mexico this weekend; a landfall in Louisiana is likely Sunday; though, some associated heavy rain will impact Florida, southern Alabama, and southern Georgia as well; the main core of rainfall from Cristobal is farther to the east in an area from the central Delta through Indiana Tuesday into next Wednesday
The player sheet had funds net buyers of 3,000 contracts of SRW Wheat; net sold 5,000 Corn; net bought 5,000 Soybeans; net bought 2,000 Soymeal, and; net even in Soyoil.
We estimate Managed Money net short 3,000 contracts of SRW Wheat; net short 266,000 Corn; net long 13,000 Soybeans; net short 40,000 lots of Soymeal, and; are net long 9,000 Soyoil.
Preliminary Open Interest saw SRW Wheat futures up roughly 730 contracts; HRW Wheat up 3,800; Corn up 9,400; Soybeans up 2,400 contracts; Soymeal up 1,100 lots, and; Soyoil down 3,100.
There were no changes in registrations—Registrations total 11 contracts for SRW Wheat; ZERO Oats; Corn ZERO; Soybeans ZERO; Soyoil 3,495 lots; Soymeal 511; Rice 121; HRW Wheat 17, and; HRS Wheat 488 contracts.
Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.
ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM. The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.
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Global Ag News Headlines June 4
Overnight trade has SRW up roughly 5 cents, HRW up 6; HRS Wheat up 2, Corn is up 1 cent; Soybeans unchanged, Soymeal up $1.00, and Soyoil down 35 points.
Chinese Ag futures (Sep) settled down 53 yuan, down 8 yuan in Corn, up 27 in Soymeal, down 30 in Soyoil, and up 18 in Palm Oil.
Malaysian palm oil prices were down 69 ringgit at 2,330 (basis August) on ideas of increased May production levels.
U.S. Weather Forecast
Tropical Storm Cristobal will slowly advance; the system will then move at a greater rate to the north across the Gulf of Mexico this weekend; a landfall in Louisiana is likely Sunday; though, some associated heavy rain will impact Florida, southern Alabama, and southern Georgia as well; the main core of rainfall from Cristobal is farther to the east in an area from the central Delta through Indiana Tuesday into next Wednesday
The player sheet had funds net buyers of 3,000 contracts of SRW Wheat; net sold 5,000 Corn; net bought 5,000 Soybeans; net bought 2,000 Soymeal, and; net even in Soyoil.
We estimate Managed Money net short 3,000 contracts of SRW Wheat; net short 266,000 Corn; net long 13,000 Soybeans; net short 40,000 lots of Soymeal, and; are net long 9,000 Soyoil.
Preliminary Open Interest saw SRW Wheat futures up roughly 730 contracts; HRW Wheat up 3,800; Corn up 9,400; Soybeans up 2,400 contracts; Soymeal up 1,100 lots, and; Soyoil down 3,100.
There were no changes in registrations—Registrations total 11 contracts for SRW Wheat; ZERO Oats; Corn ZERO; Soybeans ZERO; Soyoil 3,495 lots; Soymeal 511; Rice 121; HRW Wheat 17, and; HRS Wheat 488 contracts.
Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.
ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.
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Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM. The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.
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