National Ag News

Hedge funds hold record short positions on grains going into the new year and a market analyst says that could help spark a rally.

Mark Schultz is with Northstar Commodity.

“When you have a rather sizable short position in corn, soybeans, and wheat; a record level when you add those three together, it sets the stage that if you could get some sort of a little weather issue, you could get into some short covering and see a market that starts to rally.”

He tells Brownfield the rally in wheat futures Tuesday was weather driven and provided spillover support to corn and soybeans.

Continue reading Hedge funds record short on grains at Brownfield Ag News.