In the week ended Aug. 8, money managers established a net short position in CBOT corn futures and options of 26,656 contracts compared with the previous week’s net long of 16,741 contracts.
Money managers’ net long in CBOT soybean futures and options in late July was at a seven-year high for the date, but funds have sold aggressively in the last couple weeks.
Most-active CBOT wheat drifted fractionally higher in the week ended Aug. 8.
Wheat futures tumbled 4.5% in the last three sessions and finished at $6.26-3/4 per bushel, their lowest settle in two months.
Funds reduced their net long in Minneapolis wheat to 4,497 contracts from 7,592 a week earlier, and they slashed their K.C.
Persons:
Dane Rhys, Karen Braun, Chris Reese
Organizations:
REUTERS, U.S . Department of Agriculture, USDA, Funds, Reuters, Thomson
Locations:
Ravenna , Ohio, U.S, NAPERVILLE , Illinois, Chicago, Minneapolis, Kansas City