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| Nay not am or pm a 6.3k RISE in open interest.
This is across corn,beans/products and all wheat's.
A net change Tuesday to Tuesday ending the 16th.
This is just alittle longer term look instead each of day.
Now if the markets really wanna get rocking and rolling higher,money flowing into our markets this number can easily be 50k PER DAY (largest one day change OI have in my head from corn is +46k) and we all is 6.3k for the whole week ? ? ? This OI can easily be explained by producers selling,commercial hedging those bushel hence the rise in OI plus export hedging.
Its kinda been the buzz word the last 2 months of the "funds are buying" in farm market media. With only 6.3k,,,remember that Little old Lady of the "Where's the Beef" commercial ? I will say "Where's the Money" to puts legs under this rally ?
You may take this bullish or bearish which ever you like,,,I think its looking at money flows realistically by the numbers. Note side note,,,"Where's the Money,Beef"
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The bulls left at 6:30
