Written Commentary
ADM Appoints Monish Patolawala as EVP and CFO
July 10, 2024
ADMISI London Wheat Report for 28 October 2020
- ADMISI Research Team
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Reasonable move lower across all agricultural markets as the selloff continues. US wheat helped lower by improved moisture for winter wheat areas. Russian and Ukrainian wheat areas look for improved rain in the coming days, with weekend rains looking to improve conditions.
The biggest factor in the markets seems to be the risk off sentiment, some position squaring ahead of month end and the size of the managed money long positions. Covid-19 second waves are seeing cases surge in the US and Europe with more talk of further restrictions and closures.
Matif milling wheat COT saw the managed money position with a net long of 147,977 contracts, a new record.
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Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.
ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.
A subsidiary of Archer Daniels Midland Company.
© 2024 ADM Investor Services International Limited.
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