# CBOT weekly outlook: Corn, soy move with trader positioning - Grainews

> CBOT corn and soybean futures moved on trader positioning ahead of USDA acreage and stocks reports. Shorts were adding positions and the July contracts were being rolled into deferred months. Corn and soybeans closed at about $3.57 and $9.14 per bushel.

- Date: 2017-06-28 · published 2017-06-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/70556-cbot-weekly-outlook-corn-soy-move-with-trader-positioning-grainews
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Price direction is being set by positioning rather than new supply news. Traders expect neutral reports to lift prices modestly if drier mid-July weather materializes.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Sources

- grainews.ca: https://www.grainews.ca/daily/cbot-weekly-outlook-corn-soy-move-with-trader-positioning/

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