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Short corn positions dumped

05/06/2013 @ 9:28am

Money managers fled short positions in CBOT corn futures in the week ended April 30 as the market found its footing amid planting concerns, Commodity Futures Trading Commission data shows. Friday report shows managed money shed 26,589 short positions while added 6,669 corn longs, leaving them net long 45,497 contracts, a nearly three-fold increase from the prior week. Shift due in part to U.S. planting delays, though money managers similarly fled short positions in other agricultural commodities ranging from soybean futures to CME lean hogs. (ian.berry@dowjones.com; @ianberry)

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(END) Dow Jones Newswires

May 06, 2013 09:24 ET (13:24 GMT)

DJ MARKET TALK: Money Mgrs Shed Corn Short Positions Amid Planting Delay->copyright

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