FX.co ★ Corn Speculative Net Positions Decline Further in August, Reports CFTC

In a recent update from the Commodity Futures Trading Commission (CFTC), corn speculative net positions in the United States have shown a continued decline. As of August 16, 2024, the indicator has dropped to -154.0K from the previous -152.0K.

This decrease reflects a further increase in bearish sentiment among traders. Speculative net positions, which measure the difference between the number of long and short positions held by speculators, suggest that the market remains cautious about the future price of corn.

The decline in corn net positions could have significant implications for farmers and investors alike, as it indicates a potential shift in market dynamics that could affect both supply and demand. Stakeholders in the corn market will need to monitor these trends closely to make informed decisions moving forward.