Managed money bought 33k corn last week which put them short 154k contracts.
They also added 31k soybean contracts to push their long position to 53k. They now have a record long in soyoil at 99k contracts long, looking for more issues in the palm oil markets. They remain slightly short meal at -22k contracts.
In wheat they sold 14k to leave them at -81k short.
They are net short 9k in cotton.
Interesting moves as we approach Thursdays Stocks and Acreage report…