To end the month of May, grain prices took a bit of a hit on the last trading day of the month, with most crops on the futures board seeing double-digit losses. The complex was still able to squeak out some gains for the week (as shown below). Put simply, all those traders who were once short (read: bearish) corn and soybean prices, have now exited those positions, and those who bought on the way up during the rally have also exited their positions, taking profits. Ultimately, this brings us back to a bit of a standstill in terms of…
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