Most-active CBOT corn futures rose 15% in those eight weeks, remaining just under $7 per bushel at their peak.
Corn futures settled at $6.76-3/4 per bushel Friday, easing with broader commodities and equities, though they remain at the second highest levels for the date behind 2012.
Subpar global crops have supported corn futures, but demand concerns loom.
Money managers’ bullish CBOT soybean meal views are easily record high for the date, surging by more than 14,000 contracts through Sept. 20 to 102,168 futures and options contracts.
That was associated with a 3.7% jump in futures, and it was funds’ biggest meal buying week since November.