Funds move to a record short position in corn

Managed Money, through eight week of selling, has now moved to a net short position of -340,732 contracts as of Tuesday. This now surpasses the prior 2019 record of -322,215. This is the largest net short position in corn for the funds since the disaggregated data-series began in 2006.

The Managed Money position in soybeans has increased by 2,177 contracts of selling over the prior Tuesday to Tuesday week. Their current position is net short -136,677 contracts. This is near the all-time low from 2019 of -168,835.

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