Corn managed money added 47,000 new shorts and liquidated 43,000 longs through Tuesday, a 90,000 contract swing that cut the net long to 56,000. 10 year note leveraged funds went the same direction with 38,000 new shorts and 25,000 longs pulled, pushing the net short to 2.28 million contracts. Natural gas funds added 45,000 new shorts, taking the net short past 205,000.
Length was hard to find outside cattle, where live cattle funds added 2,000 longs and covered 2,000 shorts and feeders added 2,000 longs. E Mini leveraged funds liquidated 34,000 longs to leave the net short at 374,000, and sugar gave up 32,000 longs and beans 27,000. SRW wheat funds added 18,000 new shorts to push the net short to 75,000, while copper and crude each liquidated 6,000 longs.
|