Yesterday’s COT report shows corn longs have turned around 600,000 contracts from their August short.
Grain Markets Juggle Volatility Amid Weather Concerns and Speculative Positioning
This morning’s grain trade has a light Turnaround-Tuesday going for soybeans and corn while wheat tries to find traction on further short covering from yesterday’s trade. The COT report was released Monday afternoon, delayed from its normal Friday release, due to Jimmy Carter’s funeral on Thursday. It showed speculative interest, pushing their longs in …
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