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Chicago-traded corn futures have set records this spring with their rapid rise to multi-year highs, but the yellow grain has notched yet another first, one that is very unpleasant for the bulls. ....
5 Min Read FORT COLLINS, Colo. (Reuters) - Speculators were expected last week to have gone on a record buying spree in Chicago corn, but it was a commercial short squeeze that seemed to better explain the highly volatile price activity. Corn plants are seen in a farm near Pergamino, on the outskirts of Buenos Aires during the spread of the coronavirus disease (COVID-19) in Argentina April 27, 2021. REUTERS/Agustin Marcarian In the week ended April 27, money managers reduced their net long in CBOT corn futures and options to 378,663 contracts from 383,998 in the prior week according to data published on Friday by the U.S. Commodity Futures Trading Commission. ....