Barely a week ago, it appeared that hedge funds were on the wrong side of the ledger and with concerns about the cold and wet early spring was going to be enough to show them the “error of their ways” in the grain and soy markets. Obviously, all it did…
Commentary
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mixed with corn and soybeans lower after fund selling from an overbought technical position. Wheat managed to squeeze out a positive close. Right now the market is caught between funds already being heavily short and the thought they’ll need to cover that ahead of…