Corn front-month futures were up 1 to 2.5 cents Thursday morning but closed down 1.75 to 3.5 cents; open interest fell by 8,641 contracts on Wednesday, suggesting longs were exiting. The action signals near-term position liquidation and technical selling pressure rather than a clear fundamental bullish catalyst.
Corn front-month futures were up 1 to 2.5 cents Thursday morning but closed down 1.75 to 3.5 cents; open interest fell by 8,641 contracts on Wednesday, suggesting longs were exiting. The action signals near-term position liquidation and technical selling pressure rather than a clear fundamental bullish catalyst.
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