Peak Trading ResearchUnwind Beginning? ๐ฝ๐
Funds trimmed ag longs last week after 8 straight weeks of buying.
But they're still sitting on $26.5B net long, near a 3-year high.
There's a real "what's next?" vibe across ag markets today.
FUNDS BAILED: BEANS & CORN ๐ช
Managed Money sold -101k contracts of agriculture futures (-$2.2B) in the COT week ended April 7, the largest hedge fund outflows since early January.
Soybeans and Corn led the exits. Bean Oil bucked the trend: Funds are now *record* long.
Full COT breakdown ๐
Risk up. Grains down. ๐๐พ Ceasefire hopes are pricing out the geopolitical risk premium this morning. But Hormuz stays closed and Crude is above $110. This week: PCE (Thu), WASDE (Thu), CPI Fri (+3.4% exp). Corn Belt planting underway. Watch Crude. Watch inflation. #AgMarkets
RECORD hedge fund buying in Sugar last week. Following record Cotton inflows the week before. Crude Oil is pulling capital into the most beaten-up corners of the agriculture complex. Market structure matters. ๐ฌ ๐พ ๐ข๏ธ #Sugar #COT #AgMarkets
Hedge funds are the LONGEST across the ag complex in 3 years at $22.8 billion. Record Cotton inflows two weeks ago. Record Sugar inflows last week. Crude Oil is driving capital into #ags and the flow data proves it. ๐พ๐ข๏ธ #AgMarkets #COT #CrudeOil
The money flow event continues. ๐ Funds have bought #agriculture futures for EIGHT consecutive weeks. Record inflows in Cotton two weeks ago. Record inflows in Sugar last week. The Crude Oil money flow is real. ๐พ๐ข๏ธ #AgMarkets #COT #CrudeOil
Sugar just saw RECORD hedge fund inflows. ๐ฌ Crude Oil is pulling capital into agriculture markets โ and the flow data shows it. Eight straight weeks of fund buying in #ags. The money flow is real. ๐ #AgMarkets #Sugar #COT
