Managed money net position in CBOT corn futures and optionsAn increase in gross corn shorts was the dominant theme for a third consecutive week, though funds also cut longs in the latest two weeks.
Most-active CBOT corn futures had dropped 4.7% in the week ended Aug. 15.
Managed money net position in CBOT soybean futures and optionsOpen interest in CBOT corn and soybean futures and options has not fluctuated much in the last couple of months.
But open interest in CBOT wheat futures and options has surged 29% over the last seven weeks, directionally seasonal but more than double the recent average rate during the period.
Most-active corn futures on Wednesday had hit their lowest levels since Dec. 31, 2020, though soybeans on Friday traded to their highest levels since July 31.
Persons:
Daniel Acker, bearishness, ’ bullish, Wheat, Karen Braun, Matthew Lewis
Organizations:
REUTERS, Rights, Crop, Reuters, Thomson
Locations:
Tiskilwa , Illinois, U.S, Rights NAPERVILLE , Illinois