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NewsSignals AI analysis·Dow Jones Newswires·

Commitment of Traders Favors Corn Over Soybeans — Market Talk

Grade Bbearish AI signal$CORN$SOYBEAN$WHEAT
Managed funds have nearly liquidated their net long corn position, while speculative bullish positioning in soybeans and soybean meal remains elevated and increasingly underwater. Doug Bergman of RCM Alternatives says soybean and meal rallies could struggle until more speculative positions are unwound, while wheat benefits from substantial fund short positioning and unresolved Russia-Ukraine grain negotiations. Further speculative liquidation could pressure soybean prices, while wheat could remain supported by short-covering potential and ongoing geopolitical uncertainty.

Bullish strength: 35/100

  • Managed funds have nearly liquidated their net long corn position, reducing speculative positioning pressure.
  • Wheat has a large fund net short position that could create short-covering potential.

Bearish strength: 65/100

  • Soybean speculative bullish positions remain large and are estimated to be underwater.
  • Soybean and meal rallies are expected to struggle until more speculative length is unwound.
  • Soybeans are down 1.4% on CBOT.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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