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Buxton ND | For the week ending the 24th those fund boys were net buyers of 34k in corn, roughly 95% of this was from exiting short positions. Short covering rally's are the first phase of a meaning full rally. Action since steadyish.
Beans net buyers of 2k (that's small), products flat, action since, well not the best.
Wheat, net sellers of 6k ZW, buying 4k KE and flat MWE action since, not the best.
This was the best buying we have seen all year long in corn*****
Goes good with my "hold your horses" (stop selling) posts and gives me some facts to back-up those statements.
Hopefully USDA can give traders some positive news to trade come Tuesday.
WE ARE WAY OVER DUE, for a positive re-action to a report..... | |
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