Fund Money Still Departing Grains

15/04/13 -- Friday's Commitment of Traders Report from the CFTC shows fund money continuing to desert the grains sector for the week through to last Tuesday night.

Their corn long, which more than halved from around 192,500 lots to little more than 98,000 lots last week, nigh on halved again to a net long of just under 51,000.

They decreased their soybean long by 14,615 contracts, and added a further near 13,000 worth of CBOT wheat shorts. Soybeans and soybean meal net-longs reached the lowest level in a year.

Their overall net length in agri commodities is now the smallest since at least 2006, say Agrimoney.