Investors increase net long position in US corn futures by 18.1%: CFTC


Non-commercial grain market participants increased their net long position in US corn futures to 393,707 contracts in the week that ended Tuesday, up 18.1% from a week earlier, the US Commodity Futures Trading Commission said Friday.

Long positions rose to 622,871 contracts from 580,604, while short positions plunged to 229,164 contracts from 247,188, the CFTC said in its weekly Commitments of Traders legacy report, issued after the market closed.

CBOT May corn futures rose 16 cent to $3.9675/bushel in the reporting week that ended Tuesday.

CBOT May corn futures settled 0.75 cents lower at $3.9875/bu Friday.

Non-commercial market participants are large institutional investors, hedge funds and other entities trading in the futures market for investment. They are typically not involved directly in the production, distribution or management of the underlying commodity.


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