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Commodity funds reduced CBOT grain positions, mainly by liquidating longs rather than adding shorts. Investors remain uncertain about price direction while acknowledging continued threats to global supplies.
Fund long liquidation signals reduced speculative support for grain prices, though funds remain net bullish, so downside pressure may be limited.
reuters.comKaren BraunMay 3, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
