Started by metmike - July 19, 2021, 12:24 p.m.
Of the 28 weeks so far in 2021, money managers were net sellers of CBOT grains & oilseeds in 21 of them.
In the 28 weeks prior to that (June-Dec 2020), they were net sellers in 11 of the weeks. Net long as of July 13 was 364k fut+opt, the most bullish for the date since 2015.
By metmike - July 22, 2021, 10:59 a.m.
U.S. #ethanol output last week topped 1M bpd for the 10th consecutive week to remain near average levels, but stocks surged 6.5% to a five-month high.
That's the biggest weekly stock build since March 2020 and it implies the worst usage week since May 2020.