# Funds’ bullish soybean bets finally match last year as futures ignite -Braun

> Soy futures rose nearly 9% in the week ended February 1 and gained another 1.6% in the following three days. Fund bullish positioning in soybeans reached levels matching last year, driven by Brazil's shrinking crop, uncertainty in Argentina and rising US export demand.

- Date: 2022-02-06 · published 2022-02-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/42732-funds-bullish-soybean-bets-finally-match-last-year-as-futures-ignite-braun
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Fund buying and supply concerns in South America are reinforcing the upward trend in soybean prices, which raises feed input costs for buyers.

## Read by commodity

- SOY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/us/funds-bullish-soybean-bets-finally-match-last-year-futures-ignite-braun-2022-02-06/

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