# Funds cling to bullish wheat stance, but wary of corn, soy - Oman Observer

> Hedge funds cut their net long in CBOT wheat to 51,180 contracts in the week ended August 28, while remaining bullish overall. Funds were cautiously bearish on corn and soybeans, and Statistics Canada pegged the Canadian wheat crop below trade estimates.

- Date: 2018-09-04 · published 2018-09-04T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/6996-funds-cling-to-bullish-wheat-stance-but-wary-of-corn-soy-oman-observer
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A smaller Canadian crop and large fund long positions in wheat support prices, though a trimmed net long signals some profit-taking risk. Bearish fund positioning in corn and soybeans reflects weaker sentiment.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-02-09 | [WASDE: Soybeans bearish, corn, wheat somewhat bullish - Texas Farm Bureau](https://feedsoft.ai/events/72449-wasde-soybeans-bearish-corn-wheat-somewhat-bullish-texas-farm-bureau.md) | +0.1% | -1.0% |
| WHEAT | 2018-05-10 | [WASDE delivers bullish corn, soybean news](https://feedsoft.ai/events/64967-wasde-delivers-bullish-corn-soybean-news.md) | -1.0% | +2.7% |
| WHEAT | 2021-12-01 | [Corn and soybean futures advance after report, but outlook not bullish \| World Grain](https://feedsoft.ai/events/13402-corn-and-soybean-futures-advance-after-report-but-outlook-not-bullish-world.md) | +0.7% | -1.7% |
| WHEAT | 2018-06-12 | [Futures rally on bullish corn, soybean data](https://feedsoft.ai/events/64480-futures-rally-on-bullish-corn-soybean-data.md) | -0.9% | -6.9% |
| WHEAT | 2021-02-10 | [WASDE bearish for corn, mildly bullish for wheat - Grain Central](https://feedsoft.ai/events/48592-wasde-bearish-for-corn-mildly-bullish-for-wheat-grain-central.md) | +9.2% | +9.3% |
| CORN | 2022-10-12 | [Turner's Take Ag Markets \| WASDE Bullish Soybeans and Bearish Corn/Wheat](https://feedsoft.ai/events/39095-turner-s-take-ag-markets-wasde-bullish-soybeans-and-bearish-corn-wheat.md) | +1.9% | -1.0% |
| CORN | 2021-02-10 | [WASDE bearish for corn, mildly bullish for wheat - Grain Central](https://feedsoft.ai/events/48592-wasde-bearish-for-corn-mildly-bullish-for-wheat-grain-central.md) | -3.0% | +2.1% |
| CORN | 2026-10-09 | [Corn Ends 20 Cents Lower on USDA Yield Shock: Wheat Follows but Soybeans Recover](https://feedsoft.ai/events/428-corn-ends-20-cents-lower-on-usda-yield-shock-wheat-follows-but-soybeans-recover.md) | -0.2% | -3.3% |

## Sources

- omanobserver.om: https://www.omanobserver.om/article/49024/Business/funds-cling-to-bullish-wheat-stance-but-wary-of-corn-soy

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