As of the latest week (Jan. 24), money managers' held their most bearish CBOT #wheat view since May 2019. Futures rose nearly 4% in the week ended Jan. 31. #Soybeans rose more than 3%, and funds have recently been pretty bullish for the time of year.
Funds through Jan. 24 sold CBOT #soymeal for the first time in 9 weeks, but futures rose more than 5% through Jan. 31 (and another 2.5% Wed-Fri). MM #corn long was 11-week high as of Jan. 24. Fractional moves in corn futures since then.
