Large speculators lowered their net long position in Chicago Board of Trade corn futures and options for a sixth straight week, regulatory data showed on Friday. Non-commercial traders, a category that includes hedge funds, trimmed their net short in CBOT soyabeans in the week ended December 20 and boosted their net short in CBOT wheat.
According to the Commodity Futures Trading Commission's weekly Commitments of Traders report. The report showed that money managers cut 2,733 long contracts from their corn stake while adding 2,728 short contracts to their position in the five trading days ended December 20. The moves left them with a net long stake in corn of 44,638 contracts, the smallest since July 2010. Corn futures rose 3.1 percent in the week ended December 20.
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