In the week ended Oct. 3, money managers slashed their net long position in CBOT soybean futures and options to 5,001 contracts from 30,058 a week earlier.
New shorts and exiting longs both played a role, and money managers have not held a net short in beans since April 2020.
Money managers extended their sizable net short in CBOT wheat futures and options to 98,788 contracts from 96,384 a week earlier.
CBOT corn futures added about 1% late last week, touching $4.99 per bushel on Friday, their highest since Aug. 29.
Money managers maintain comfortably bearish CBOT corn views, though they trimmed their net short through Oct. 3 by about 9,200 to 159,433 futures and options contracts.
Persons:
’, Soymeal, Karen Braun
Organizations:
China, Futures, U.S . Department, Reuters, Thomson
Locations:
NAPERVILLE , Illinois, Chicago, U.S