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Funds posted an all-time record net short in CBOT corn and extended a record soybean selling streak. Large corn and soybean crops in South America and recent USDA projections of substantial US supply growth into 2025 have weighed on the market for weeks.
Heavy speculative selling and abundant supply projections point to continued price pressure on corn and soybeans, favoring cheaper feed grain costs for buyers.
reuters.comKaren BraunFeb 26, 2024Not 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.
