The CBOT saw some light short covering in corn, wheat, and soybeans develop after this week’s deeply bearish trade that brought new contract lows in all three commodities. There wasn’t a lot of bullish news, other than the continued hot weather forecast for the U.S. Midwest and concerns about spring wheat production around the Northern Hemisphere, but that proved enough to spark a little recovery in beleaguered ag futures. Funds were only light buyers for the day and are still deeply net short the major ag products. Another factor possibly driving some short covering was the massive selloff and “risk off” trade in the macroeconomic markets as this week’s key economic data releases have deeply underperformed exp...