News

CFTC/CBOT: funds increase bets on falling soybean and corn prices in the week until February 20 in the US

Soybean
Maize (Corn)
United States
Market & Price Trends
Published Feb 27, 2024

Tridge summary

Investment funds have ramped up their bets on a decline in prices for soybeans, corn, and wheat on the Chicago Stock Exchange (CBOT) for the week ending February 20th. The net short position in soybeans rose by 1.85%, while bets on a drop in corn prices increased by 7.73%. Additionally, the balance sold in wheat saw a significant increase of 23.2% during the same period.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

São Paulo, 02/26/2024 - Investment funds increased their bets on the fall in soybean prices on the Chicago Stock Exchange (CBOT) in the week ending February 20th. According to data from the Commodity Futures Trading Commission (CFTC) released this Friday, the net short position increased 1.85% in the period, from 124,369 to 126,674 lots. During the period, funds increased bets on the fall in corn prices by 7.73%. The net sold ...
Source: Broadcast
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