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| This was my post last night about money leaving our markets. 19k from grains,9k from fat cattle.This mornings actual final numbers were 27.5 grain and 9.4k LE not to mention the 16k in crude that left. IMO this market has very short legs under it.
This is a copy and paste from Ken Morrison my techy guy, he's not a market adviser, although he does trade with HIS own money. Puts his money where his mouth is. He doesn't mind me shared some tid-bits now and then.
"I draw no conclusions about it but it speaks to the uncertainty ... the broad declines in ag Open Interest yesterday may reinforce that theory ... money is exiting markets whether they are rallying or declining. " | |
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19k/9k
