metmike: This will make C/S vulnerable to the downside if weather conditions become favorable but NOT limit the upside if/when it turns hot/dry, especially after the planting delays are no longer an issue.
Money managers in the week ended May 10 cut their net long positions in both CBOT #corn and #soybeans. Their two-week soybean selloff was the largest since June 2021. Timing of this corn/soy selling is similar to a year ago, but funds remain very bullish relatively speaking.
