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Hedge fund bets on falling corn prices hit record

AgriMoney – Hedge funds hiked their positioning on corn prices to the most bearish ever, amid increasing hopes for US harvest yields, but turned more positive on raw sugar, and on lean hogs in which bets on rising values hit a record high.

Managed money, a proxy for speculators, raised its net short in Chicago corn futures and options by 22,000 contracts above 126,000 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission, the US market regulator.

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