- Fund buying/short covering in corn, wheat and soybeans has been sizeable in the last four weeks. In this period managed funds have bought or covered a net 510,000 contracts. Funds’ combined position in corn, soy and CME wheat is a net short 13,000 contracts. At its peak, the managed fund short was just under 540,000 contracts. Substantial yield risks will remain intact, but rallies will be more measured/choppy moving forward.
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Our weekly fund position charts can be downloaded by clicking on the link below: