Speculative funds cut net-long positions in soybean futures for fifth straight week
Speculative funds cut net long positions in soybean futures and options markets in the week to Tuesday, the fifth straight week of cuts, according to a July 22 report from the U.S. Commodity Futures Trading Commission (CFTC).
As of July 19, 2022, speculative funds held a net long 87,832 contracts in Chicago Board of Trade (CBOT) soybean futures and options positions, a decrease of 7,879 contracts from a week earlier, and a net sell-off of 9,337 contracts the previous week.
The fund held 103,828 long positions in soybean futures and options, compared with 113,616 a week ago; and held 15,996 short positions, compared with 17,905 a week ago. Soybean futures options were short at 782,719 contracts, compared with 790,441 contracts a week ago.