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Managed money moved to a net short position in corn futures and options for the first time since late June, after liquidating 453,962 contracts from a record net long position in early September. Ahead of USDA’s November crop and WASDE reports, the article says bearish data could trigger further selling, while neutral data may lead to consolidation; soybeans remain more exposed to a surprise because funds retain long positions.
With speculative corn length largely liquidated, a bearish report may cause less forced selling than earlier sell-offs, while a bullish surprise could support prices through short covering. A sharp rise in soybean ending stocks could also weigh on corn and soybeans through spillover selling.
profarmer.comHillari MasonNov 9, 2026Not 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.
