Funds post biggest CBOT short-covering round in 13 months: Braun – ZAWYA

Funds post biggest CBOT short-covering round in 13 months: Braun – ZAWYA

Funds post biggest CBOT short-covering round in 13 months: Braun | ZAWYA MENA Edition HomeMarketsCommoditiesArticleFunds post biggest CBOT short-covering round in 13 months: Braun Funds eliminated nearly 68,000 outright corn shorts during the week    Corn is loaded onto a truck as a silo is emptied at a farm in Tiskilwa, Illinois, U.S., July 6, 2018. Image used for illustrative purpose (The opinions expressed here are those of the author, a market analyst for Reuters.)FORT COLLINS, Colo.: Hot and dry weather across the U.S. Corn Belt had speculators covering more short positions in Chicago-traded grains and oilseeds last week, but Friday's trade ended on a more bearish note as weather forecasts suggested relief is on the way.In the week ended July 7, money managers reduced their net short position in CBOT corn futures and options to 141,741 contracts from 201,648 a week prior, according to data from the U.S. Commodity Futures Trading Commission. FORT COLLINS, Colo.: Hot and dry weather across the U.S. Corn Belt had speculators covering more short positions in Chicago-traded grains and oilseeds last week, but Friday's trade ended on a more bearish note as weather forecasts suggested relief is on the way.(The opinions expressed here are