Our team is watching corn. Here’s why:
We are watching to see if corn prices can put in a major low in late March 2019, much like it did back in 2016. Late March of 2016 was the last time funds were short that much corn at this time of year. The timing and the actual price level is very close to where we were at in 2016. My current estimate is that funds are now short 220,000 contracts of corn.
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