Corn's Soggy Outlook: What's Behind the Market's Latest Weakness? The corn market has been volatile in recent months, and July's close on a weak note is just the latest development in this ongoing saga.
While some attribute the decline to familiar culprits – spillover weakness from wheat, rains, and month end pressure – it's worth examining the numbers more closely.
According to CFTC data released on Friday afternoon, managed money added 75,490 contracts to their net long position in corn futures and options in the week of July 28.