DTN Closing Grain Comments 05/21 13:48
21 May 2019
DTN Closing Grain Comments 05/21 13:48 Record Slow Seeding Rallies Corn; Wheat, Soy Give Up Gains Excessive rains with more to come and the slowest-ever planting pace in mid-May on corn (49%) sent heavily short commodity funds running for the exit door early Tuesday. Managed funds, who just last week had been short a record 344,000 contracts of corn, may have entered Monday night trade still short 200,000 contracts. July corn has rallied 56 cents per bushel with funds buying in just 42% of their net short. The forecast remains troublesome.