|At the start of the week and markets have been in the green, pushing higher across grains and oilseeds. Wheat markets started off strong, and this bullish start to the week has been reflected in the overall fund positions, in general, reducing short positions and buying further long contracts.|
Managed money funds have further increased their long positions held in wheat to the most held since mid august as Chicago wheat pushes higher.
Like with wheat, Managed Money further increased the number of long positions held in corn, increasing the number of long positions to 364.2k contracts, up from 342.3k the week before, the largest number held since the start of May.
Reflecting the bullish upward move in markets, Managed Money positions in soybeans also increased their bullish position toward soybeans, up to 87.1K contracts, while cutting the number of short positions.