In this week’s news we are going to look at the wheat market and the dry bean markets.  There are three interesting factors going on in the wheat market right now.  First, hedge funds have the largest position of net shorts in the wheat futures market since 2006 and only surpassed two other times in history.  It may be counter-intuitive but this is actually a bullish sign.  It means that all of the people who want to sell have already sold.  As Brian Henry at broker Benson Quinn notes, “establishing new short positions in wheat would take come courage”.  The second factor is exports for U.S. remain very strong.  The latest weekly data show the U.S. has shipped more than 23 million tonnes this year, the most in 23 years.  Thirdly, price is still holding support at the weekly trend line as seen in the chart below.  All that said, it appears that wheat is bottoming and this would be a nice time to think about purchasing.

The dry bean market supply is down significantly from last year.  As the chart below shows black bean acreage planted is down 22% from last year and the price is up 20% since June.  Looks like it could be a good time to add positions of dry beans as well.

Check out the articles below for a more comprehensive look at the bulk food market news.  Contact us at or 816 888-8290 and we can help you get started investing in bulk foods as a tangible asset you have possession of, instead of just a piece of paper.  You can download a copy of our product catalog here

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Weekly Wheat Review

Weekly Corn Review

Big Canada wheat crop vies with U.S. for export sales

Huge hedge fund wheat bets ‘limit price downside’

Dry Bean Update

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