date:Jun 02, 2012
Broader risk aversion across many asset classes enticed fund managers to trim their long positions in the market as well.
Money managers were net-long 61,493 corn contracts, down 44% from the prior week, according to data from the Commodity Futures Trading Commission.
The net position is the difference between the number of long contracts, or bets prices will rise, and short contracts, or bets prices will fall.
Speculators increased their long positions in wheat futures, maintaining a bullish