Outside investors are getting more bullish on the soybean market, while remaining solidly bearish on corn prices, according to the Commodity Futures Trading Commission (CFTC), reports Successful Farming.
On Monday, the CFTC’s Commitments of Traders Report (COT) shows that the funds and producers hold net short positions in both corn and soybean markets.
The funds are nearly flat the soybean market, while adding a large amount of long positions this past week.
See the full report here.
