# Funds actively cover CBOT corn, soy shorts as US demand picks up

> Funds reduced their net short in CBOT soybean futures and options to a nine-week low of 154,096 contracts. CBOT November soybeans rose more than 2% through Sept. 3 after a mid-August low.

- Date: 2024-09-09 · published 2024-09-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28338-funds-actively-cover-cbot-corn-soy-shorts-as-us-demand-picks-up
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Fund short covering reflects shifting positioning rather than a new supply change, so it adds modest support to soybean and corn prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/us/funds-actively-cover-cbot-corn-soy-shorts-us-demand-picks-up-2024-09-09/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.