# Funds keep pressure on crops

> Big speculators sold grain contracts again, adding 57,250 contracts to bearish ag bets, with a record net short in corn and widest 10-month net short in soybeans. Funds also extended net shorts in soybean oil and soft red winter wheat, while hard red winter wheat bucked the trend.

- Date: 2019-04-26 · published 2019-04-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7598-funds-keep-pressure-on-crops
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Heavy fund short positions pressure futures lower, which cheapens feed grain and oilseed meal inputs. Short-covering could trigger sharp rebounds when positions are unwound.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2019-04-29 | 1 | -3.1% | -3.3 | Fund net shorts in SRW wheat extended, indicating bearish speculative positioning and selling pressure heading into April 29. |
| CORN | 2019-04-29 | 1 | -2.5% | -4.2 | Speculators extended a record net short in corn through April 26, so continued fund liquidation pressure plausibly carried into the April 29 selloff. |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/funds-keep-pressure-on-crops

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