The funds are currently long 230k contracts of corn

Last time they were this long was February 14th, 2023

Price of corn on February 14th, 2023?

$6.80

I am by no means saying corn is going remotely close to $6.00

I am just stating that the funds don’t go from record short to then long 1/4 million contracts just for fun

They always have a reasoning behind it

More often than not.. the funds usually wind up being right whether we like it or not

(Example: they went record short and pounded us to multi years lows)

A few questions remain:

How long will the funds get?

(Historically in bear markets it’s 200k or so.. while in bull markets it’s typically 400k)

What will cause them to sell?  

Keep in mind that they tend to be longest at the top and shortest at the bottom..

***
Struggle knowing when to pull the trigger on grain sales or floors? Try our updates & sell signals free 🌾 
👉