Nothing more to say about the slight disappointment and the lack of thrill of the USDA report. Ok, supply will increase but we kind of knew it already. Let’s now focus on the 2 next month, it’s where really the crops are going to suffer from het or confirm they’re indeed on a very good shape.
The only little excitement was in soybeans, floor sources are saying funds sold -12,000 lots. Futures are retracing a bit this morning, it seems that technically, approaching 950 on N5 is triggering new buying interests. They are helped by still some strikes in South America, fearing impact on the logistics.
Usually, in May, we’re not used to freezing but there are some talks about damages on wheat in the northern west part of Kansas. This will be out of the picture soon and we’ll move to hot and dry concerns for sure. USDA is expecting this, not moving the cord yield saying July is too determinant. So weather watch mood. With El Nino, Pakistan and India damages, it need to be watched carefully because can we now do better than the market expects?
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Globally experienced trader with extensive knowledge of energy, metal, and soft commodities markets. Impressive track record of strengthening dynamic portfolios through intelligent risk management and quantitative analysis. Proficient in trading approaches, hedging techniques, best practices, market conditions, and industry trends. Well-versed in derivative trading rules and regulations across products. Significant experience with trading technology systems. Known for successfully implementing investment strategies. Highly educated, motivated, and accomplished with exceptional communication skills; fluent in French and English. Happily married to a wife from Glasgow. Core competencies include:
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