Agriculture: "Grain markets' lurch lower catches hedge funds off guard"

Last
Chg


Corn
320-4-0-2


Soybeans
962-4-1-6


Wheat
399-4+2-4


From Agrimoney:


The extent of the latest lurch lower in grain prices appears
to have taken by surprise even hedge funds, which had cut their bearish bets on
the complex – raising questions over whether fresh selling lies in wait.



Managed money, a proxy for speculators, raised its net long
position in futures and options in