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New contract lows in soyoil futures as speculators turn bearish amid global veg oil price weakness.

(Apr 22, 2024)
New contract lows in soyoil futures as speculators turn bearish amid global veg oil price weakness. Net short position in CBOT soy oil surges to 53,295 contracts (record short -109,950 in 2018) largest weekly selling since 2006!
Maurizio “Moe” Agostino
Moe is the Chief Commodity Strategist. He is responsible for developing plans and assisting clients in the feed, grain and livestock industry to help them protect themselves from commodity price swings. Moe holds a Derivatives Market Specialist (DMS) designation as well as an Honors Degree in Business Administration. Moe has more than 15 years of financial services industry experience.
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