Funds Speed Toward Record Short Bets in CBOT Grains
Speculators continued aggressive sell-off in Chicago-traded grain futures
Speculators continued their aggressive sell-off in Chicago-traded grain futures into the first week of March, and they likely increased those bearish positions by the end of last week.
Reuters reports in the four weeks ended March 5, hedge funds and other money managers sold 286,707 grain futures and options contracts, including CBOT corn and wheat, and Kansas City and Minneapolis wheat.
That selling total is the second-largest for any four-week period in nearly two years, behind the four weeks ended June 26, 2018.