Funds are holding record or near record short positions in wheat, soybeans and corn, which could lead to a big move higher in the grains if there is a market catalyst. Northern Crops Marketing and Investments President Brad Paulson says challenging weather could help the wheat market. “The quality problems are getting worse, not better in spring wheat areas. We have heavy rains in the forecast. Any wheat left in the field will get worse, not better.” Trade and harvest reports are also being closely watched. “Who knows? Maybe there will be a deal reached in October. However, a lot of times, when you least expect things to happen, it does.”
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