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DTN Closing Grain Comments 05/16 13:47

16 May 2019
DTN Closing Grain Comments 05/16 13:47 Grain and Soybean Rally Picks Up Steam on a Very Wet Forecast Despite the late session sell-off in both corn and wheat from Wednesday's highs, both of those markets were back up sharply on Thursday, with soybeans reluctantly following. Funds -- that had amassed record net short positions in corn, soybeans and Kansas City wheat -- were forced to lighten up on that bearish bet with a two-week weather outlook that promises to reduce planted area and compromise yields.