metmike: Look at that huge long position in wheat!
Money managers' outright long positions in CBOT #wheat hit a RECORD 136,325 fut+opt contracts in the week ended Jan. 28 (topping 134k from Sep. 11, 2012). Net position (48.5k) not record but relatively high. All this despite most-active futures falling 2% during the period.
Daily estimates of fund activity in futures only suggest heavy selling between Wed-Fri (though they were pretty off in wheat last week):#Corn -11k#Soybeans -19k CBOT #wheat -9.5k Soymeal -10k Soyoil -11.5k
Here is the full summary for the week ended Jan. 28 (disag. fut+opt). Funds sold soy products and KC #wheat, bought a little bit of both MGEX wheat and CME lean hogs.