Midday Mayhem

The funds have been a focal point of our discussion. After buying for a few weeks, they've taken a step back. We delved into the reasons behind this behavior, suggesting that the funds might be slowly covering their shorts, especially with the US summer weather on the horizon. Despite a week of selling in corn, we're more interested in the longer trends, which still suggest short covering. The upcoming commitment of traders report will shed more light on whether this trend will continue or if we'll see a return to selling.

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