This is a pretty wild chart. Managed money gross CBOT #wheat longs on March 17 hit the lowest level since July 2016, just 4 weeks after the all-time high. Funds slashed outright longs thru March 17 by 32k (2nd largest for any week).
Through March 17, funds:Sold net 31.5k CBOT #corn fut+opt contracts (net short now 92k). Much less selling than expected BUT gross longs drop by 43k - largest in 2 years.Sold 4.2k #soybeans (net short now 30.6k)Nearly erased #soyoil net long (now 1.7k)
Funds also staged their largest-ever 2- and 3- week selloff of #sugar futures and options through March 17. The net long dropped to 3,590 from 67,889 a week earlier.
Here's the full weekly summary through March 17 (disag. fut+opt): Daily fund estimates (which are not ALWAYS accurate ) suggest funds did the following in futures Wed-Fri:#Corn -22k#Soybeans +28k CBOT #wheat +26k#Soymeal +25k #Soyoil +0.5k