Corn Longs Hit Record High Amid Market Uncertainty
Corn longs have hit a record high of over 467,000 contracts. This has raised questions about who is left to buy, as many investors are already bullish on corn prices.
The Commitment of Traders report shows that the number of long positions in corn has exceeded previous records, with some analysts wondering if there are still opportunities for profit.
This comes at a time when soybean and wheat prices are also being affected by news from Russia and Ukraine. The current market situation is complex, making it challenging to predict future price movements.