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Surprise! Funds hate crops

Updated CFTC data shows just how short speculators are.

It may be one of the worst kept secrets in Washington: Funds are bearish crops. Really bearish. The CFTC finally released a complete updated Commitment of Traders report Friday afternoon that showed what traders already knew, despite delays putting out the position data caused by the government shutdown.

Here’s what funds were up to through Tuesday, March 5, when the CFTC collected data for its latest Commitment of Traders.

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