Speculators Increase Bets on Soybeans and Corn as Crop Conditions Worsen

Agriculture – specs buy corn and soybeans

Agriculture – specs buy corn and soybeans

The latest CFTC data shows that speculators were more constructive for CBOT soybeans and corn over the last week due to a slight deterioration in crop conditions. Managed money net longs in CBOT soybeans increased by 32,779 lots over the last week to 90,985 lots as of 29 August. For corn, money managers trimmed their net short position by 18,787 lots to leave them with a net short of 87,348 lots. However, speculators added to their net short in CBOT wheat, selling 8,960 lots over the last week to leave them with a net short of 79,881 lots.

ING Economics

INGs global economists and strategists tell you whats happening and is likely to happen in the world of global markets.

Our analysis and forecasts will help you respond and stay a step ahead in the world of macroeconomics, central banks, FX, commodities and everything else in between. Visit ING.com.

Follow ING Economics on social media:

Twitter | LinkedIn

Topics

corn wheat soybeans agriculture cbot speculators crop conditions CFTC data net short position managed money net longs

Table of contents