Follow the Market Makers – Not the Chasers

This year’s corn market provides a textbook example of the accumulation and distribution of positions throughout a market’s trend as well as identifying the strengths and weaknesses of the market’s primary participants. We’ll use empirical data to reveal why the Commodity Index Funds have little impact on the markets major moves as well as which trading group does move the market and finally, who comes up with the short straw when the market turns. The corn futures market began the year with talk of steady to lower prices throughout the year.