Reduced Bullish Bets in Soybean Market

The manage money net long in soybean futures and options fell 20,224 contracts. . .

soybeans
soybeans
(Commodity Update)

Large speculators reduced bullish bets in the soybean market in early May to the lowest level since late January. The manage money net long in soybean futures and options fell 20,224 contracts during the week ended May 3 to 153,253 contracts, the lowest since the week ended Jan. 25, according to data from the Commodity Futures Trading Commission.