Funds hesitate to shift CBOT grain, oilseed views as futures surge

Global commodity markets have been rocked by Russia’s invasion of Ukraine since it began full-on late last month. The two countries account for 29% of world wheat exports and nearly 80% of sunflower oil. Ukraine ships 16% of the world’s corn, and exports out of the region are effectively cut off.

FORT COLLINS, Colo.: Chicago grain and oilseed futures have had a rowdy start to March as war has erupted between two key exporters.

But despite the market volatility, investors were significantly more timid than expected when it comes to big position moves, the second week in a row for such a theme.