# Funds' bullish bean bets tumble on sufficient world supplies -Braun

> 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.

- Date: 2023-09-25 · published 2023-09-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34132-funds-bullish-bean-bets-tumble-on-sufficient-world-supplies-braun
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A large Brazilian crop and weak US export demand are weighing on prices, and fund selling adds further downward pressure in the near term.

## Read by commodity

- SOY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/world/funds-bullish-bean-bets-tumble-on-sufficient-world-supplies-braun-idUSKBN30U0E9/

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