# Funds forge most bearish CBOT soybean view since 2019 | Reuters

> Money managers were net sellers of corn and held a net short of 280,151 contracts, their most bearish corn view since June 2020. Most-active CBOT corn had hit its lowest since December 2020 on January 30, and the funds' soybean view was their most bearish since 2019.

- Date: 2024-02-05 · published 2024-02-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7199-funds-forge-most-bearish-cbot-soybean-view-since-2019-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavy fund short positioning signals that prices are under selling pressure, and a sharp shift in positions could cause a short-covering rally.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2024-02-05 | 1 | -3.3% | -4.4 | Funds held a large net short in corn (most bearish since 2020), indicating heavy speculative selling pressure that can amplify a sharp one-day drop. |

## Sources

- reuters.com: https://www.reuters.com/markets/us/funds-forge-most-bearish-cbot-soybean-view-since-2019-2024-02-05/

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