In today's episode, we delve into the overnight sessions' strong performance in the grain markets and the factors potentially driving this momentum.
The episode kicks off with a discussion on the notable strength in the grain markets during the overnight sessions, with the trend holding steady as we approach the day session. Despite a lack of clear headlines to explain this surge, speculations around the Biden administration's potential impact on ethanol emission standards are highlighted as a possible catalyst for market movement.
A key focus of the episode is the fund positioning in the market, with funds maintaining a heavy short position in corn, nearing record levels. The question of whether funds will continue to add to their shorts moving forward is raised, emphasizing the significance of monitoring fund activity for market insights.
