10 year note leveraged funds pulled 66,000 longs and added 28,000 new shorts through Tuesday, pushing the net short past 2.25 million contracts. Corn managed money liquidated 63,000 longs with 24,000 new shorts on top, an 86,000 contract swing that still leaves funds net long 231,000. Beans went the same way on a smaller scale, 6,000 longs out and 8,000 new shorts in.
Natural gas is where the length came in, with managed money covering 10,000 shorts and adding 9,000 new longs to trim the net short to 126,000. Nasdaq leveraged funds covered 11,000 shorts, and E Mini funds and sugar each added about 4,000 new longs. Live cattle liquidated 5,000 longs, and lean hogs gave up 4,000 longs with 3,000 new shorts to take the hog net short to 42,000.
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