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Gary's Blog 02/24/26 1:44:19 PM
2-24-26
Corn and wheat remain flat as ample supplies have kept futures in check heading into FND. (Friday) Those with open March positions will need priced or rolled by Thursday’s close. Soybeans rallied on China rumors, but no sales announcements were made. Traders will keep a close eye on this to see if any Chinese interest shows up in the PWN. Funds are starting to position themselves (beans) heavily net long per the CFTC report on Friday. This could leave soybeans vulnerable to a selloff if China fails to purchase the so called additional 8mmt.
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