Globex soybean futures analysts tracking the Commitments of

Analysts tracking the Commitments of Traders report note managed money expanding net longs in Globex soybean futures. Historical data suggests that such builds often precede multi-week upward moves. CHICAGO (Reuters) -In a head-to-head contest in a small corner of agricultural futures markets, a legacy spring wheat contract that has traded for more than 140 years is fending off a challenge from a competing contract launched this spring by CME Group, the world's largest futures exchange. Track forward-looking risk expectations on Wheat with the CME Group Volatility Index (CVOL TM ), a robust measure of 30-day implied volatility derived from deeply liquid options on Wheat futures. The latest volume reports on Globex soybean futures show active participation, especially in near-month contracts, as hedge funds adjust positions ahead of WASDE release. Analysts project a potential price range between $12.40 and $12.75 if weather risks persist.