Loading…
Speculators bought soybeans, soy products and wheat in the week ended December 15 but trimmed their net long in corn for a third straight week, to 250,260 contracts from 269,583. Soybeans rallied more than 3% that week.
Reduced fund length in corn suggests less speculative support for corn prices, while the soybean complex attracts buying interest.
feedandgrain.comDec 21, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Funds trimmed their net long in corn for a third straight week, which points to continued speculative liquidation that could feed a sharp one-day selloff, though the data predates the move and is a weak direct trigger.
