Money managers reduced their net short position in CBOT wheat futures and options by over 20,000 contracts to 90,442 in the week ending February 4, according to the Reuters report.

That is the sixth-largest all-time behind five weeks in April and May 2019. Soybean meal was the only major CBOT grain or oilseed to notch losses in the week ended Jan 23, falling nearly 3%.

A drop in the dollar lent underlying support, making US grains cheaper overseas. CBOT May corn settled 5-1/4 cents higher at $4.69-1/4 per bushel. May soybeans ended down 2-1/4 cents at $10.25 a ...

December CBOT corn futures jumped more than 4% in the four-day week ended Sept 3 after hitting a contract low of US$3.85 per bushel in the prior week. That represented the lowest price for most ...