Is open interest in CBOT corn & soybean futures rising?

Open interest in CBOT corn and soybean futures and options has not fluctuated much in the last couple of months. But open interest in CBOT wheat futures and options has surged 29% over the last seven weeks, directionally seasonal but more than double the recent average rate during the period.

How did money managers view CBOT corn in 3 months?

In the week ended Aug. 15, money managers increased their net short in CBOT corn futures and options to 72,580 contracts from 26,656 a week earlier and a net long of 16,741 two weeks earlier. That marked funds’ most bearish corn view in three months.

Is CBOT wheat bullish?

Speculators have not held a bullish view in CBOT wheat since June 2022, and the recent bump in bearishness comes despite higher tensions in the Black Sea over the last month. However, Ukraine’s 2023 grain harvest is seen topping previous expectations.

What happened to CBOT December wheat futures?

CBOT December wheat futures tumbled 8.5% in the week ended Aug. 15, and money managers increased their net short in CBOT wheat futures and options to an eight-week high of 65,590 contracts versus 55,395 a week earlier.