Rain Makes Grain

Rain makes grain: For the second straight day, Corn futures posted large losses, as speculators and commodity funds liquidate long positions. An improving weather forecast, with heavier than expected precipitation in parts of the Midwest, had traders in a bearish mood. Commodity funds were holding nearly 200,000 net long positions as of July 11th, and many of those positions were being liquidated the past couple of days. Read More....