CFTC report major agriculture commodities steady decline, the main hedge funds have added a net short position in their future and option wheat by 223%, to 24,908 contracts in the week ended Tuesday because of sluggish export demand in the U.S. in the middle of an adequate supply in the Black Sea region .
Funds have reduced their long positions with a net 27.1% to 115,791 contracts on soybean futures. Similarly, fund managers reduced their long positions on corn net of 16.2% by cutting a length of 50 777 contracts and 2421 contracts cut short.
Funds have reduced their long positions with a net 27.1% to 115,791 contracts on soybean futures. Similarly, fund managers reduced their long positions on corn net of 16.2% by cutting a length of 50 777 contracts and 2421 contracts cut short.
