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Total Farm Marketing's Brian Doherty says managed money has been buying corn aggressively and is close to a record net long position. He also says end users bought corn when prices were below the cost of production, and that exports picked up this year.
Heavy fund and end-user buying tightens near-term supply and supports corn prices, though a record net long position raises the risk of sharp liquidation.
aginfo.netJan 27, 2025Not 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.
