Grain Express

Corn (July)


Fundamentals: The volatility we have seen in the overnight session resembles that of a meat grinder, which is far from what markets should be, a vehicle for true price discovery. This trade has more to do with momentum and money flow than anything, and we would not be surprised to see that be the driver for the next week(ish). For months now, we have been talking about positions of Managed Money and positions of Producers. Funds have been adding to their historically large, long position, flexing their muscles with their new expanded limits which helps