Funds Cling to Bullish Corn Bets Ahead of US Tariff Chaos
Speculators held on to their bullish Chicago corn bets in the days leading up to last Wednesday's U.S. tariff reveal.
However, they still notched their sixth consecutive week as net sellers of the yellow grain as geopolitical uncertainties outweigh friendly fundamentals.
In the week ended April 1, money managers reduced their net long position in CBOT corn futures and options to 56,757 contracts, a 21-week low. That compared with 74,607 a week earlier, the move stemming entirely from exiting longs...
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