While it’s become a common theme for US grain markets that funds are purchasing corn, there are indications that this trend might be ending soon. Money managers boosted their net long position ...
A drop in the dollar lent underlying support, making US grains cheaper overseas. CBOT May corn settled 5-1/4 cents higher at $4.69-1/4 per bushel. May soybeans ended down 2-1/4 cents at $10.25 a ...
NAPERVILLE, Illinois (Reuters) -“Funds bought corn” is perhaps becoming a broken record for U.S. grain markets, though there are signs that the streak could soon be snapped. In the week ended ...
In the week ended June 25, money managers boosted their net short in Chicago Board of Trade (CBOT) corn futures and options to 277,666 contracts, an increase of more than 86,000 on the week.
CBOT July soft red winter wheat dropped below its 50-day moving average during the overnight trading session. Corn futures down 2.1% during May, on track for their first monthly decline since August.
But demand for US corn has been decent and investors have cut back on their price pessimism. December CBOT corn futures jumped more than 4% in the four-day week ended Sept 3 after hitting a ...
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