
Commitment of Traders data for the week to November 3 showed hedge funds were net sellers across all 25 major futures contracts, reducing their combined net-long position by 33%. The combined grains and oilseeds net long fell 83% over six weeks, and corn positions shifted from a record net long to a net short.
The sharp shift in speculative positioning may add selling pressure to corn futures, though positioning data alone does not establish a change in physical supply or demand.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.