# Funds build all-time net shorts in CBOT corn and soybeans | Reuters

> Money managers cut their net long in CBOT soybean meal for the fifth time in six weeks through July 9, with the net long falling to 60,693 contracts from 73,459. Funds were unwinding long meal, short oil positions, and both meal and oil fell about 1.5% over three sessions while meal futures hit contract lows.

- Date: 2024-07-15 · published 2024-07-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5652-funds-build-all-time-net-shorts-in-cbot-corn-and-soybeans-reuters
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Fund liquidation and contract lows in meal point to weaker soymeal prices, which lowers feed ingredient costs for buyers in the near term.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2024-07-15 | 5 | -7.8% | -2.9 | Funds cut net long meal for the fifth time in six weeks and unwound long meal/short oil positions as meal hit contract lows, showing sentiment-driven liquidation that amplified the drop. |
| SBM | 2024-07-14 | 1 | -7.5% | -6.3 | Funds unwinding long meal positions with meal futures at contract lows indicates liquidation-driven selling pressure. |

## Sources

- reuters.com: https://www.reuters.com/markets/us/funds-build-all-time-net-shorts-cbot-corn-soybeans-2024-07-15/

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