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Large speculators reversed a seven-week trend and increased net short positions in corn futures, with short-term forecasts showing little weather threat to Corn Belt crops. Corn and wheat futures hit new contract lows, with December corn falling 2.5 cents to $3.51.
Growing fund short positions and benign weather signal continued price pressure on corn and wheat ahead of harvest, with high global supplies limiting rebounds.
feedstuffs.comAug 29, 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.
