FILE PHOTO: Corn sits at a grain storage in a farm, in Timar
US corn yields should fall well below early-season ideas after bouts of unfavourable weather this summer, but that has not recently generated bullish price action for Chicago corn futures as a near-record crop is still predicted.
In the week ended Sept 12, money managers expanded their net short position in Chicago Board of Trade (CBOT) corn futures and options to 134,909 contracts from 93,913 a week earlier. New gross shorts explained about two-thirds of the move.
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