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Speculative funds stopped their heavy selling of Chicago corn after a record 11-week net-selling run from late February to mid-May. December corn settled at a five-year low for the date.
Fund positioning shifts can change short-term price momentum, but the bearish market backdrop remains for feed buyers.
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.