Is Corn DOOMED? 210K Contracts Dumped! Why Prices Still Up Today!
Did you know managed money just made the largest two-week bearish shift in corn futures history, dumping over 210,000 contracts? Despite this unprecedented move by speculators, corn futures surprisingly held onto a slight bounce into Friday's close, showing unexpected resilience. This significant bearish sentiment, highlighting specs now being net short, is detailed in the latest CFTC report. Moreover, while old crop export commitments are on track, new crop business is seeing a substantial 31.6% increase year-over-year, adding another layer of complexity to the market. Stay informed on these critical market shifts and more by subscribing to our channel for daily updates.
Tags/Hashtags: #cftc #bearish #crop #agriculture #corn #cftc #barchart
Leave a Reply