基金s remain 確固たる in bullish CBOT bets ahead of USDA snoozer -Braun
By Karen Braun
NAPERVILLE, Ill., June 12 (Reuters) - Continued 不確定 in the 黒人／ボイコット Sea and tight 全世界の 穀物 and oilseed 供給（する）s had 相場師s 保持するing 楽観的な 見解（をとる）s last week in Chicago-貿易（する）d 穀物 and oilseed 未来s as they を待つd 月毎の data from the U.S. Department of 農業.
分析家s 正確に assumed USDA´s Friday 供給（する） and 需要・要求する 発射／推定s would not change much from last month or 申し込む／申し出 any surprises, though the numbers were かもしれない a bit unfriendly to corn bulls.
But the 機関´s 見積（る）s did 反映する some of the 現在進行中の 関心s in the soybean market with 強化するing U.S. 在庫／株s, which had 未来s challenging 史上最高s late last week.
Most-active CBOT soybean 未来s rose almost 3% in the week ended June 7, but money 経営者／支配人s shed 甚だしい／１２ダース longs that week, 減ずるing their 逮捕する long position to 158,928 soybean 未来s and 選択s 契約s.
Data from the U.S. 商品／必需品 未来s 貿易（する）ing （売買）手数料，委託（する）／委員会／権限 published on Friday also showed no 重要な bump in soybean 甚だしい／１２ダース shorts, which had been an 増加するing but light 傾向 in corn, 潜在的に signaling 減ずるd 供給（する） 恐れるs from 投資家s.
But after eight 連続した weeks of 追加するing 甚だしい／１２ダース corn shorts, money 経営者／支配人s covered nearly 15,000 in the week ended June 7, the most for any week since January 2021. They also abandoned 甚だしい／１２ダース corn longs for a third straight week, axing more than 19,000 契約s in the 最新の week.
That dropped the managed money corn 逮捕する long by いっそう少なく than 5,000 契約s to 264,327 未来s and 選択s 契約s as of June 7, the lowest since October.
Money 経営者／支配人s were modest 買い手s of both soybean 製品s in the week ended June 7, and the soybean meal 逮捕する long reached a five-week high of 53,169 未来s and 選択s 契約s.
Most-active CBOT soybeans on Thursday （機の）カム within 5 cents per bushel of their Sept. 4, 2012, 史上最高 of $17.89 まっただ中に tight old-刈る U.S. 在庫／株s and healthy 輸出（する） 需要・要求する. They took a breather on Friday, finishing 負かす／撃墜する more than 1% for the day at $17.45-1/2.
USDA´s 予測 of U.S. soybean 在庫／株s-to-use for the 2021-22 year ended Aug. 31 has 契約d for five 連続した months now, with the 最新の 見積（る） of 4.6% below last year´s 5.7%. The 機関´s 輸出（する） peg has risen 6% over that period.
The 2022-23 予測（する） is roomier but 許すs very little room for error, as USDA´s 仮定／引き受けることs already 含む a 記録，記録的な／記録する U.S. soybean 工場／植物d area and a 近づく-記録，記録的な／記録する 産する／生じる.
CORN AND WHEAT SKINNY
Money 経営者／支配人s were light 販売人s of Chicago wheat 未来s and 選択s through June 7, trimming their 逮捕する long to 12,675 契約s. They also whittled their K.C. 逮捕する long to a 17-week low of 37,498 未来s and 選択s 契約s.
Wheat and corn 未来s were 特に 激しい at the start of June with prospects of 解放する／自由なing ウクライナ共和国´s 立ち往生させるd 輸出（する）s with the help of fellow 黒人／ボイコット Sea neighbor Turkey and 増加するd 協調 from Russia.
But the same 結論 remained at the end of Wednesday´s 会談 between Moscow and Ankara: ウクライナ共和国 does not 信用 safety of its ports and 大型船s can be 保証（人）d and Russia wants Western 許可／制裁s 解除するd, 非難するing ウクライナ共和国 for the port blockages.
USDA´s Friday 見積（る）s 反映するd no 改良 in ウクライナ共和国´s 輸出（する） 見通し, as corn and wheat 輸出（する）s for 2022-23 stayed 不変の from last month´s 見積（る）. The 現在の 状況／情勢 did not get any worse either as old-刈る 予測（する）s were also 不変の.
However, the 機関 大いに 増加するd ウクライナ共和国´s corn 刈る to 25 million tonnes from 19.5 million 概算の last month, which was 簡単に 追加するd to its ending 在庫／株s. This 増強 of corn, if ever 解放（する）d, would be relieving for importers but 潜在的に challenging to U.S. and other 輸出業者s.
USDA´s take on old-刈る U.S. corn 輸出（する）s 緩和するd from last month, and that 突然に 追加するd to ending 在庫／株s. USDA 持続するd its 抱擁する Brazil corn 刈る number and Brazil´s 相当するもの 増加するd its peg on Wednesday. The 収穫 should be 記録，記録的な／記録する-large by a wide 利ざや にもかかわらず some 歴史的に 乾燥した，日照りの 天候.
U.S. corn 輸出（する） 楽観主義 was 部分的に／不公平に tied to 推定する／予想するd losses for Brazil´s 刈る, which is 輸出（する）d starting in July with the 収穫. Brazil´s 2021-22 生産（高） is seen up 33% from last year.
The U.S. corn 刈る is off to a 広大な／多数の／重要な start per USDA, which 率d the 刈る 73% good-to-excellent a week ago. 極端に hot and 乾燥した，日照りの 天候 for this week supported 未来s late last week. 仲買人s are waiting to see if this 傾向 carries into July, which could 損失 産する／生じる prospects.
Most-active CBOT corn 未来s rose 2% in the last three 開会／開廷／会期s, settling at $7.73-1/4 on Friday, up 2.6% on the month so far. 伸び（る）s in the new 刈る were more modest.
CBOT wheat 貿易（する）ing 容積／容量 has 増加するd this month as is seasonal, but it remains はしけ for 早期に June than in previous years, and open 利益／興味 is still the lowest for the date since 2009. Most-active 未来s were 不変の late last week but finished Friday 負かす／撃墜する 1.5% for the month. Karen Braun is a market 分析家 for Reuters. 見解（をとる）s 表明するd above are her own.
(Editing by Matthew 吊りくさび)
