(Agrimoney.com) Hedge funds showed some poor timing in the corn markets, by selling shorts ahead of last week’s big sell-off, while speculators are still pumping up the size of their net-long on sugar, data from the Commodity Future’s Trading Commission showed. In the week to March 29, managed money, a proxy for speculators, trimmed their net-short in Chicago corn futures by 46,136 lots, leaving them short by just 108,433 lots, weekly data from the CFTC showed.
US Corn Data Catches Hedge Funds by Surprise
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