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Money managers were net buyers of more than 46,000 CBOT corn futures and options contracts in the week reported, the most for any week since August 2019. That cut their net short to 61,854 contracts, mostly through short covering.
Short covering removes selling pressure from corn futures and can support prices, even though larger US plantings remain a bearish backdrop.
reuters.comKaren BraunJul 10, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
