Commitment of Traders Recap

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…