Over the last few months, we have seen the Corn, Soybean & Wheat markets decouple from each other from time to time. (as we have seen today)
The rising US Dollar combined with the Russia/Ukraine tensions subsiding could be a recipe for a down move in Wheat.
The funds have a larger than average net long position (over 300,000 contracts) in Corn, causing concern for a swift drop in price if and when they liquidate.
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