Hedge funds and non-commercial speculators have been consistently selling corn futures, with sales occurring in 14 of the past 15 weeks, totaling approximately 473,000 contracts valued at $11.2 billion since February. Last week alone saw the largest outflows since March, with 107,000 contracts sold, equivalent to $2.9 billion. This selling pressure is attributed to favorable planting weather in the U.S. and a substantial Brazilian corn crop entering the global market. Market participants are also closely monitoring upcoming factors including long-term U.S. weather forecasts, U.S. export demand, South American cash markets, developments in the U.S.-China trade deal, and forthcoming inflation data and USDA WASDE reports. In the broader economic context, key inflation data, GDP, and industrial production figures for India, the U.S., and the U.K. are scheduled for release next week. Additionally, China's consumer price index (CPI) inflation and May trade data are expected, with inflation anticipated to remain around April's -0.1% year-over-year reading.
CPIや通商・財政政策に注目、最高値視野=今週の米株式市場 https://t.co/bqCWnfgTIz https://t.co/bqCWnfgTIz
#MCPro | #Inflation data, #GDP and industrial production numbers for #India, #US and the #UK will be released next week. Here's a list of key events and data to track in the coming days: https://t.co/bfsN79WQ3Y
🌱 Looking ahead, traders will be closely watching critical long-term U.S. #weather forecasts, U.S. export demand, South American cash markets, U.S.-China trade deal headlines, and next week's important CPI #inflation data and USDA #WASDE updates. https://t.co/5c8bnEDYJ0