# Funds plant record CBOT soymeal bets; corn and soy longs remain intact

> Reuters reports CBOT wheat rose more than 6 percent in the four weeks through January 3 before shedding 4 percent in the last three sessions, ending at $7.43-1/2 per bushel. Investors may have trimmed corn length after futures fell 2.5 percent in the same stretch.

- Date: 2023-01-09 · published 2023-01-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/37833-funds-plant-record-cbot-soymeal-bets-corn-and-soy-longs-remain-intact
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Fund liquidation in wheat and corn points to weaker near-term feed grain prices absent new supply or demand news.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/us/funds-plant-record-cbot-soymeal-bets-corn-soy-longs-remain-intact-2023-01-09/

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