Time for some rain.
From Marginal Evolution:
...Following the reports on drought, long positions on corn have skyrocketed during the month of July to 210,401 bullish bets from a short position on the month before. Open interest on corn have gone up nearly 90,500 bets (crowded trade?).
Bets on wheat have also turned bullish after months of short positioning, as has sugar and lean hogs....MORE