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Buxton ND | More good news for corn, very nice little pop in OI up 13k with nearly all in ZCH while Z held steady. So someone is placing bets both bullish and bearish out in the March. Its a nice sign someone is at least starting to get a HO for corn.......News in the morning maybe ? ? ? The next step in the rally to keep it going is the world end user saying "dam did we just miss the boat"
This DOES NO apply to beans,their bailing out of X and not really placing bets in the back months or at least like corn. This happened last year in corn,,,bail out of ZCZ and pretty much just left for awhile.. Buy corn/sell beans is not bullish beans.....
YES export inspecs are very good,,,DO NOT read this as bullish,,,,,,,,,,,with a large carry we need exports like this for weeks. Plus its been raining all over Brazil................ We need to move those beans NOWWWWWWWWWWWW................. Mine either are in the PNW or "on a slow boat to China ! ! ! Coffee took a massive 5%+ hit today so even the coffee and sugar areas are getting rain. | |
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2 charts for the class to review
