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Money managers cut their net long in CBOT soybean futures and options to 45,832 contracts in the week ended Sept. 19, from 73,815 a week earlier, the least bullish stance in three months.
The reduction came mainly from exiting longs, and soybean futures declined over the prior few weeks.
A large Brazilian crop and weak US export demand are weighing on prices, and fund selling adds further downward pressure in the near term.
reuters.comKaren BraunSep 25, 2023Not 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.
