date:Sep 15, 2015
an and former Soviet Union wheat harvests.
Right on soybeans, less so on corn
In fact, many hedge funds may have been too quick to sell down in corn, with a cut of nearly 30,000 lots in futures and options in the grain coming ahead of a bigger-than-expected US Department of Agriculture downgrade, on Friday, to its forecast for the domestic crop.
However, a strategy of raising bearish positioning on soybeans, raising their net short to a three-month high, has proved more profitable.The revision