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2026-10-31 07:30:25
[CFTC: Speculators Shift to Net Short Corn Positions, Reduce Net Long Soybean Positions] ⑴ Data released by the U.S. Commodity Futures Trading Commission on Friday showed that, as of the week ending October 27, large speculators shifted to net short positions in corn futures on the Chicago Board of Trade. ⑵ Non-commercial traders, including hedge funds, increased their net short corn positions by 75,781 contracts to 24,584 contracts. ⑶ Speculators increased their net short wheat positions on the Chicago Board of Trade by 7,108 contracts to 83,493 contracts. ⑷ Speculators reduced their net long soybean positions by 14,332 contracts to 132,988 contracts. ⑸ In the futures and options metric, managed funds reduced their net long corn positions by 90,315 contracts to 55,943 contracts, reduced their net long soybean positions by 21,536 contracts to 185,400 contracts, and increased their net short wheat positions on the Chicago Board of Trade by 23,726 contracts to 74,859 contracts. (6) Net long positions in soybean oil decreased by 13,610 contracts to 10,959 contracts, while net long positions in soybean meal decreased by 34,834 contracts to 169,859 contracts. (7) The data reflects a more cautious outlook from speculative funds regarding the future of grains and oilseeds, with a particularly noticeable shift in sentiment towards corn.
