On The Money Grain Commentary 12-8-22

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On The Money Grain Commentary

Corn Outlook: Buy and hold, corn is the new yellow gold! Exuberance in corn is becoming high-pitched, similar to 2008. This is evident by the fund long position swelling to a record 4.2 BB. Although the market is over-bought, the bubble does not seem ready to burst yet. Prices are currently supported by disappointing yields[…]