(Adds details on fund positions, graphic)
May 10 (Reuters) - Large speculators took a bullish stance
on Chicago Board of Trade corn futures for the first time in
nearly a month as U.S. farmers slogged through their slowest
corn planting in 29 years, regulatory data released on Friday
The Commodity Futures Trading Commission's Commitments of
Traders report also showed that noncommercial traders cut their
net long in soybeans by 35 percent and boosted their net short
position in CBOT wheat.
The speculators added 7,426 long contracts in corn while
covering 7,313 shorts in the five trading days ended May 7,
leaving them with a net long position in the commodity of 1,512
It was the first time noncommercial traders, a category that
includes hedge funds, were net long in corn since early April.
Speculators have covered short positions as the planting delays
have piled up and threatened to trim final corn yields at
In CBOT wheat, noncommercials were net short 45,000
contracts after cutting 6,346 long contracts to their holdings
and adding 261 shorts.
Noncommercial traders also sold 5,274 soybean longs and
added 12,892 shorts, leaving them with a net long position of
(Reporting by Mark Weinraub in Chicago; Editing by James