In the latest Commitment of Traders Report, the funds were net long more than 376,000 corn contracts. That’s up 126,000 contracts in the last week and is the largest net long position since April of 2022. The gross net long position for corn is at an all-time high of 465, 500 contracts. This is bullish news for the grains, but it also increases the risk of large technical corrections to the market.
