# Funds lift bullish ag bets to three-month high, lured by soymeal rally - Grain Price News

> Hedge funds raised their net long in the top 13 US-traded agricultural commodities to above 700,000 contracts, a three-month high, led by a soymeal buying spree and an eighth straight week of corn purchases. USDA's late-September corn rating of 52% good or excellent was the lowest September reading since 2012.

- Date: 2022-09-26 · published 2022-09-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/39654-funds-lift-bullish-ag-bets-to-three-month-high-lured-by-soymeal-rally-grain
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavy fund buying of soymeal and corn adds upward price pressure, while poor US corn conditions support feed grain prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/09/26/funds-lift-bullish-ag-bets-to-three-month-high-lured-by-soymeal-rally/

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