# What would move grain prices from their narrow range? - Farmers Weekly

> Cofco International's Stuart Shiells says global grain prices are range-bound, with funds holding large short positions. He notes a fast US soybean harvest and slow corn harvest, and expects Australia's wheat crop at 22m tonnes against growing Russian estimates.

- Date: 2017-11-16 · published 2017-11-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5281-what-would-move-grain-prices-from-their-narrow-range-farmers-weekly
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Large fund shorts leave prices vulnerable to sharp rallies on any surprise, but with no clear catalyst the range-bound market is likely to persist.

## Read by commodity

- CORN: neutral
- WHEAT: neutral

## Sources

- fwi.co.uk: https://www.fwi.co.uk/business/markets-and-trends/crop-prices/move-grain-prices-narrow-range

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.