Funds swing back towards bullish trend on CBOT corn

June 9, 2021 |

In Illinois, Reuters reports that data from the U.S. Commodity Futures Trading Commission in the Commitment of Traders report from last week shows funds have reversed their liquidation of long positions in corn and again turned bullish in the face of weather uncertainties that may damage the crop as well as increased domestic and foreign demand. The week prior had seen a five-month low for long corn positions on the Chicago Board of Trade but that trend has reversed.

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Category: Fuels

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