By: Jeff Kaprelian – Corn As expected, funds were heavy sellers on the downtrend. They added 71,900 shorts but also added 28,511 new longs. Their net position is net long 286,650 contracts. Commercials shed open interest on both sides of the market. They bought back 49,386 shorts and liquidated 17,764…
Commentary
Afternoon Market Recap
By: Patrick McRae – Trump tariff announcements have caused for yet another heavy hit to the soybean market. China has said that they will retaliate which of course is assumed to include some soybeans in that extent. Technically the corn and bean markets have pressed to new year lows in…