# Funds continue cultivating massive CBOT grain, oilseed short

> Soybean meal was the only major CBOT grain or oilseed to post losses in the week ended January 23, 2024, falling nearly 3%. Soybeans rose 1%, wheat gained 2.5%, soybean oil rose 2%, and corn advanced 0.7%. The report covers fund positioning in CBOT grains and oilseeds.

- Date: 2024-01-29 · published 2024-01-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6839-funds-continue-cultivating-massive-cbot-grain-oilseed-short
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Soymeal weakness against firmer soybeans and oil reflects shifting meal-oil spreads, which matters for feed buyers pricing protein. Fund positioning changes can amplify near-term price moves.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/us/funds-continue-cultivating-massive-cbot-grain-oilseed-short-2024-01-29/

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