| Sat - 1/12/2017 17:20 We have had 2 BIG up days since Christmas, one days trade will rarely change my mind, today is no different. Those big up days got alot of folks all gun ho bullish only be dis-appointed the next days. The trend of the spec money is "We're Leaving" 2 big up days above did not change that. Is that 480 carry dropping to 420 enough to change this trend ? This is neither bullish or bearish, its realistic, its a 60 mb carryover drop enough to change this trend ? 50 mb of this was off set by Brazil bigger crop, so if it enough to change the trend ? ORRRRR did this just give traders/HFT something to trade ? Anyone see this morning export #'s this morning ? Nope, your not gonna see them in NAT when there are only 12.8 3.7 last week. See the 1 ship they canceled (NOT a big deal) for 2017-18 ? That's a WTF a year and half out IDK why other then China's trying to piss off Thump. How about none of the above?. If you had asked me last week, or last month, I would have given you the same answer. Maybe something in price will change, and give us other information. But for now the running scared, glass is almost empty, acres are gonna grow, carry out is huge, spec money HFT "rubbish", I gotta sell before it goes lower -will blind you from what price is saying. Since last year - higher highs and higher lows and downside failures. Things have changed, it isn't 2013-2015 any longer. Spec money leaving...? Good. The smart spec money you will never see what they are doing but when the "dumb specs" come back it will propel price to where we want it. They are ambulance chasers. |
Soybeans
