
Agricultural funds finished liquidating their long positions in CME corn futures and options, leaving net speculative positioning roughly balanced between bullish and bearish bets. The report also said funds had continued reducing their long soybean exposure over the previous month.
The CFTC published the positioning data on Friday, with the latest figures reflecting positions as of the previous Tuesday.
Reduced fund buying removes some speculative support for corn and soybeans, although the balanced corn position does not signal a strong directional bet. The positioning shift may temper price support rather than indicate a change in physical supply or demand.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.