Record Short

The expectation for a large crop is causing downward pressure on the corn and soybean markets. Speculators are record short in corn and soybeans aren’t far behind. “Typically, what we see is when there’s some kind of fundamental shift and prices start to rise, a lot of those outside investors start reversing their positions,” said Frayne Olson, crops economist, NDSU. “Then we can see a rally or increase in prices.” Olson said outside investors can make the price swings more aggressive, but they follow fundamental trends.