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| Carry risk in cash as long futures coverage is risky given bearish fundamentals and the hefty fund long position. The weekly Commitment-of-Traders report with options showed an overbought condition with non-commercial traders holding a record high net long position of 290,782 contracts as of Nov. amp;nbsp; By late June, the specs had liquidated their entire billion-bushel long position and were approaching net short—just in time for a record crop |
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