No 'Love' for Grains During Valentine's Day Week

It's Valentine’s Day week and there is no love in the air for the grain markets. You have to look back to 2020 to find a mid-February that Cupid found himself showing up with such low prices in corn, soybeans and wheat.  No news is probably bad news in this case, but the market needs something to help stop the downward trajectory. There are a couple of items to be watching for that can lead to a change of direction among the grains. The Commodity Futures Trading Commission Commitment of Traders report showed the managed money traders holding a net short position of 297,744 contracts, that is only 24,271 contracts from a record short position from 2019.

Read more about slow grain markets here