Speculators Appear to Be Cutting Long Bets on Corn
Reports suggest fund traders are unwinding long corn positions, with CFTC data showing about 55,000 contracts closed while CBOT corn fell 0.9%.
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what happened
Speculation is growing that fund traders are closing long corn positions. Charlie Sernatinger of Marex, in a note cited by TradingView, links the drop to expectations of a weekend pre-hedge tied to harvest, chart-based selling, and reports that macro funds are leaving commodities over fears of a U.S. recession.
The latest CFTC Commitments of Traders report showed nearly 55,000 long corn contracts closed last week. The agency will publish an update this afternoon, though its data is a few days behind. CBOT corn fell 0.9% to $4.86 a bushel.
why it matters
For grain markets, a sharp cut in speculative long positions can add short-term pressure on prices if funds keep reducing exposure. The move also shows how quickly commodity positioning can shift on macro worries about the U.S. economy.
market impact
Corn and commodity funds: fewer long positions add downward pressure on CBOT futures
tags
instruments
sources
- Fund Traders Seen Jumping Out of Corn Long Positions — ru.tradingview.com, 16 October 2026 at 17:54 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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