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Buxton ND | You make a VERY GOOD POINT XR on the chart patterns*****
Trouble is crude was 30-50-75 heading to over 100
US $$$ was much lower vs other currencies, less world production so we exported alot of corn, not that case today.
In 7 months starting JUNE 29th 2010 (surprise stocks # from USDA June 30th) the fund boys bought nearly 490k on corn, I under stand this stuff,,,,, BUT that still blanking amazes me whether you "trust" me or not.
World production has majorly changed. Money was really hard to come by for expansion world wide in 2009, not the case in 2011/2012/2013/2014 with 2014 being the massive changes in currencies.
Well the spec money return like we had in 2010 is the question ?
I wanna say no but I'm very open and YES I'm watching.
I can say THEY ARE in soybeans.
MASSIVE,,, THEY ARE IN BEAN OIL,,, they ARE all time record NET LONG,,, and its lead by NEW LONG, NEW MONEY coming to play. And this baby WILL make a monthly KR - Key Reversal. So the old dog that dragged on beans is now *****THE LEADER*****
I really messed up these 2 markets (ZM/ZL) when I got busy with harvest last summer.
Palm Oil is driving here and thats because of last year drought. | |
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$3.48 or so on the continuous is an interesting area in corn
