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Speculators ended April with a record net short across Chicago grains and oilseeds, at 683,501 contracts. The net short grew from the prior week's record of 656,078.
Record US soybean stocks, rising corn stocks, a large US wheat crop and trade disputes with China all weigh on prices. African swine fever in China has also cut feed demand.
A record fund short signals heavy bearish positioning, which can fuel further declines if trade or demand news disappoints, while also raising the risk of a sharp short-covering rally.
finance.yahoo.comReutersMay 6, 2019Not 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.
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.
