Funds Cut Corn Longs by Nearly 63,000 Contracts
CFTC data showed fund traders reduced long positions in corn futures by nearly 63,000 contracts in the week ended Oct. 13. They also cut soybean longs by over 6,200 contracts.
Friday's Commitment of Traders report from the CFTC showed a decrease in long positions held by fund traders in corn and soybean futures. In corn, fund traders cut long positions in corn by nearly 63,000 contracts for the week ended Oct. 13. In soybeans, long positions were reduced by over 6,200 co…