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Speculators miss rally as U.S. sells most corn since 1994

Posted on 30 April 2012

Speculators reduced bullish bets on corn by more than any other commodity, just before the U.S. reported its single biggest export sale in 18 years and prices had their largest two-day rally in almost a month.
Money managers cut corn wagers by 30 percent to 103,079 futures and options in the week ended April 24, the biggest percentage decline since June 2010, according to data from the Commodity Futures Trading Commission………………………………………..Full Article: Source


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