Money managers just aren't excited about #soybeans. Futures fell 3.5% through Nov. 9, and funds slashed almost 31k fut+opt from their net long - now 12.1k - lowest since June 2020. Lots of new shorts. Futures are up 3.7% since last Tuesday.
all while getting 50 cents back on the board
CBOT #corn futures dropped 3.2% in the week ended Nov. 9, but money managers mostly hung on to their bullish bets (net long close to 320k fut+opt, reduction of 5k). Futures are up 3.9% since then.