date:May 25, 2012
in corn futures steepened around midday, traders said, because large, speculative managed funds appeared to start selling futures to exit bets that prices would rise.
That has been the pattern we've been in of late. We're really seeing the [speculative] money move together in a herd mentality, said Arlan Suderman, an analyst in Wichita, Kan., for agricultural trade publication Farm Futures.
Corn futures may rebound Friday as the sell-off could spark new buying interest, traders said. The de