{"id":9219,"date":"2024-05-22T16:54:35","date_gmt":"2024-05-22T20:54:35","guid":{"rendered":"https:\/\/www.fundamentalanalytics.com\/?p=9219"},"modified":"2024-05-22T16:54:35","modified_gmt":"2024-05-22T20:54:35","slug":"weather-woes-and-market-bets-fund-managers-go-long-on-us-wheat-corn-and-soybeans","status":"publish","type":"post","link":"https:\/\/www.fundamentalanalytics.com\/pt\/weather-woes-and-market-bets-fund-managers-go-long-on-us-wheat-corn-and-soybeans\/","title":{"rendered":"Weather Woes and Market Bets: Fund Managers Go Long on US Wheat, Corn, and Soybeans"},"content":{"rendered":"

Fund managers are going long on US wheat and soybeans due to weather-related supply concerns, as well as US corn due to a decline in global corn production.<\/p>\n\n\n\n
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Wheat<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Fund managers have increased their long positions on US wheat contracts<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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  • Price Increase:\u00a0Wheat futures have risen to $6.8 per bushel, the highest price since late July 2023, due to supply disruption concerns from inclement weather.<\/li>\n
  • Russian Frost Damage:\u00a0Frost in Russia’s grain-growing regions have killed 1% of the sowed wheat acreage, leading to a state of emergency in three growing regions.<\/li>\n
  • Crop Losses:\u00a0Approximately 900,000 hectares of wheat in Russia have been lost due to frost and lack of rain.<\/li>\n
  • Brazil Flooding Impact:\u00a0Heavy flooding in May affected wheat production in the Rio Grande do Sul state of Brazil, a major wheat-producing state located in Southern Brazil.<\/li>\n
  • U.S. Wheat Improvement:\u00a0U.S. winter wheat conditions have improved, with the El Ni\u00f1o weather pattern expected to fade by June.<\/li>\n
  • WASDE Report:\u00a0The latest WASDE report forecasts a slight decline in global wheat supply by 2.2 million tons for 2024\/2025, while global consumption is expected to rise by 2 million tons.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
    Corn<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
    \n

    Speculators’ short bets on US corn have been decreasing steadily since mid-April<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
    \"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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      \n
    • Price Fluctuation:\u00a0Corn futures reached $4.6 per bushel after dipping to $4.1 in mid-March due to spring weather conditions that caused planting delays as compared to last year.<\/li>\n
    • WASDE Report Insights:\u00a0May\u2019s WASDE report forecasts a decline in world corn production, totaling 1.22 billion metric tons compared to last year. Significant decreases are expected in the United States, Ukraine, Zambia, Argentina, Malawi, Mozambique, and Turkey.<\/li>\n
    • Regional Variances:\u00a0Brazil, the EU, China, South Africa, and Mexico are expected to see larger corn crops, partly offsetting declines in other countries.<\/li>\n
    • Global Consumption:\u00a0Despite production declines, global corn use is projected to rise by less than 1% to a record 1.22 billion metric tons.<\/li>\n
    • Import Forecasts:\u00a0Global corn imports are expected to fall just under 1%, reflecting minor shifts in trade dynamics amidst production changes.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
      Soybeans<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
      \n

      Fund managers bet on long positions in US soybeans due to current weather conditions<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
      \"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
      \n
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      • Price Surge:\u00a0Soybean futures are being traded at $12.4 per bushel, reaching a 4-month high due to expectations of lower supply.<\/li>\n
      • Brazil Flood Impact:\u00a0Recent floodings in Brazil’s Rio Grande Do Sul state have affected 34% of the soybean crop, which remains unharvested.<\/li>\n
      • WASDE Production Forecast:\u00a0May’s WASDE report forecasts global soybean production to rise to 687.1 million tons in 2024\/2025, driven by higher production in South America, the United States, and South Africa.<\/li>\n
      • Export Growth:\u00a0Global soybean exports are projected to increase by 4% compared to last year.<\/li>\n
      • Brazil’s Output:\u00a0Soybean production in Brazil is expected to reach 169 million tons in 2024\/2025, up from 154 million in 2023\/2024, despite a downward revision due to the flooding.<\/li>\n<\/ul>\n

        \n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>","protected":false},"excerpt":{"rendered":"

        Fund managers are going long on US wheat and soybeans due to weather-related supply concerns, as well as US corn due to a decline in global corn production. Wheat Fund managers have increased their long positions on US wheat contracts Price Increase:\u00a0Wheat futures have risen to $6.8 per bushel, the highest price since late July […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9219","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts\/9219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/comments?post=9219"}],"version-history":[{"count":1,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts\/9219\/revisions"}],"predecessor-version":[{"id":9220,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts\/9219\/revisions\/9220"}],"wp:attachment":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/media?parent=9219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/categories?post=9219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/tags?post=9219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}