Corn prices are heading for their longest losing streak since June, putting pressure on hedge funds after money managers built their most bullish net position in the crop on record, according to a report by Bloomberg.
The most-active Chicago corn futures contract fell as much as 1.1% on Wednesday, extending declines into a fifth consecutive session. The retreat comes less than a week after prices reached their highest level in three years.
Commodity funds held a record net-long corn position as...
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