date:Jul 08, 2014
ve taken the top end off yields, and with a smaller acreage, the crop may be less than a year ago, said Jerry Gidel, the chief feed grains analyst for Rice Dairy LLC. Corn prices are cheaper than a year ago, and demand should be better than people expect. We could see the market bottom by the end of July.
Less Bullish
Money managers have been cutting their corn holdings for the past seven weeks, and are the least bullish since February. As of June 24, net-long positions in futures and options