Double Command: Agricultural Funds Remain Optimistic with Soy, but Began to Bet Hard on a Bassist Scenario for Corn

The administrators of agricultural funds operating in the CME Group (“Chicago”) this week began to bet openly against maize, while reinforcing their upward view of soybeans. On Tuesday last week – according to data published on Friday by the Commodity Futures Trading Commission – the net position of agricultural funds in futures and soy options grew by 47% compared to the previous week, while in maize it went to negative ground. Net positions ar…