Corn futures suffered their sharpest drop in almost three weeks on Wednesday as traders moved to lock in profits following a powerful rally that had pushed speculative positioning to its highest level in years, according to a report by Bloomberg.
The most-active Chicago corn contract fell as much as 1.8%, its biggest intraday decline since 13 August. Wheat and soybeans also came under pressure as investors took some money off the table across the US grain complex.
The pullback follows a sharp Au...
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