There was not much change in speculators' positions in the last reporting week. Net long positions increased by 42 to a total of 45,307 contracts. The slight increase in net long and net short positions balanced each other out. Nevertheless, stock market prices on both sides of the Atlantic came under pressure and fell by up to 10 euros per tonne. In the meantime, the prices of the current Nov. 14 futures in Paris have fallen below 200 euros/t again. Extensive precipitation in the main exporters played a decisive role in this.
Net long positions in corn decreased by 11,435 contracts to 255,044 contracts in the last reporting week. This was due to the decrease in net long positions by 3,212 contracts and the increase in net short positions by 8,223 contracts. In total, this still means a high number of net long positions, i.e. speculators are still optimistic that prices will remain stable. That's OK, as it will still be a few weeks before the corn yields are set.
