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Investors trim bets on the soybean market falling, COT report shows

Producers hold steep net short positions in the corn and soybean markets.

DES MOINES, Iowa -- Outside investors have switched to being net long the wheat market, after shorting that market for quite awhile, according to the Commodities Futures Trading Commission (CFTC).

Meanwhile, those same outside investors are net long the corn market, while holding a net short position in the soybean market, according to the CFTC’s Committments of Traders Report Friday.

Essentially, the COT shows the number of contracts held by large speculators, small speculators, and hedgers on a weekly basis.

Corn

For corn, managed money investors are net short the market by 67,804 contracts, adding 4,000 long contracts and 6,600 short positions. vs. a week ago.

Producers are now net short the market by 240,650 contracts, adding 9,000 long and 2,000 short positions vs. a week ago.

Soybeans

Managed money is net short the bean market by 13,735 contracts, after cutting 10,000 long contracts and adding 9,000 shorts vs. a week ago.

Producer investors are net short the corn market by 133,183 positions, after adding 19,000 long and 8,000 short contracts vs. a week ago.
 

Chicago SRW Wheat

The COT report shows that managed money investors are now net long by 41,671 contracts, a reversal vs. a week ago.

Producers are net short the wheat market by 87,498 contracts.

Live Cattle

Producer investors are net short the cattle market by 172,860 contracts.

Managed money investors are net long the cattle market by 90,253 contracts, according to Friday’s COT Report.

Hogs

The producer investors are net short the lean hog futures market by 75,344 contracts. Meanwhile, managed money investors are net long the hog market by 11,000 contracts.

The weekly commitment of traders report from the Commodity Futures Trading Commission shows trader positions in futures markets. The report provides positions held by commercial traders, or those using futures to hedge their physical assets, noncommercial traders, or money managers, also called large speculators, and nonreportables (producers), or small speculators. A net long position indicates more traders are betting on higher prices, while a net short position means more are betting futures will decline.

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