HUMANITYVECTOR

Newsletter · issue 13

corn futures: managed-money net position's largest drop since 2026, and 2 more moves

3 insights from the last four weeks, not featured before.

sent 2026-10-23 13:01 UTC

Nothing new was published since 2026-10-20, so this issue carries 3 insights from the last four weeks that have not appeared in an issue yet. Each figure below links to the page that shows its source, series, period and history.

Insights

Featured chart

US construction spending, total and private nonresidential. Line chart of Total construction (millions of dollars, seasonally adjusted annual rate), Private nonresidential (millions of dollars, seasonally adjusted annual rate), 2002 to 2026. Total construction rose from 858,654 millions of dollars, seasonally adjusted annual rate in 2002-01-01 to 2.2M millions of dollars, seasonally adjusted annual rate in 2026-08-01; private nonresidential rose from 263,731 millions of dollars, seasonally adjusted annual rate in 2002-01-01 to 773,010 millions of dollars, seasonally adjusted annual rate in 2026-08-01 (United States). Data table below.

Total construction rose from 858,654 millions of dollars, seasonally adjusted annual rate in 2002-01-01 to 2.2M millions of dollars, seasonally adjusted annual rate in 2026-08-01; private nonresidential rose from 263,731 millions of dollars, seasonally adjusted annual rate in 2002-01-01 to 773,010 millions of dollars, seasonally adjusted annual rate in 2026-08-01 (United States).Observed

What to watch

- The next Corn futures: managed-money net position observation (2027-10-13): a change no larger than the median annual change of -406 contracts, or a move back the other way, would mean the latest change has normalised. - Cereal production, currently 454,987,916 tonnes in 2024: a move the other way lowers the breadth component. - Food production index, currently 104.12 index 2014-2016=100 in 2024: a move the other way lowers the breadth component. - Renewable freshwater resources per person, currently 8,437.22 cubic metres per person per year in 2022: a move the other way lowers the breadth component. - Revisions: a revised 2026-10-13 value would arrive as a new observation row (the current

The full insight, with its evidence table

Observed values are published by the cited source and ingested without transformation. Derived values come from a versioned formula over observed values. Modeled values depend on assumptions and are labelled as such.

window 2026-10-20 to 2026-10-23 · nothing new in the window; items from 2026-09-25 not featured before · 3 insights, 3 scores, 0 observations, 0 ingestion runs cited

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