WEAT Continues to Grind Lower
WEAT continues to trend lower, alongside corn and soybean prices. Many of these charts have turned bearish as funds look to trim back some of their historically long positions. Weather will continue to be a key factor going forward, as of now, it looks favorable which may be adding to the pressure. July options expiration is tomorrow, a lot of open interest at 750 for corn and 16.00 for july beans.
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