Index Traders Lighten Up

October 1, 2010 11:58 AM

This week’s Commitment of Traders report shows index traders lightening up on their long corn position. Managed funds/large speculators (non-commercials) were still adding to their long positions in corn and soybeans. They also added to their short positions in wheat. Expect more shift out of long positions next week, as sentiment has turns to possible overbuying in corn and soybeans. Commercials continue to add to their short positions, except in wheat, where they lightened up by more than 11,000 contracts.



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