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Kelly Olson of the Idaho Barley Commission said large world corn and wheat stocks are keeping futures bearish, with managed money funds holding heavy short positions. Global wheat stocks-to-use is 36 percent and corn is 19 percent.
Burdensome world stocks cap rallies in wheat and corn, keeping feed grain prices subdued unless funds cover shorts or production falls.
capitalpress.comCarol Ryan DumasDec 12, 2017Not enough comparable past events yet for a historical read.
Not 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.
