|
Buxton ND | Long here's what I have, for the week ending Tuesday the 19th total Non-commercial traders (futures only)
Exiting 17k of longs (selling) (long liquidation)
21k of NEW shorts entering beans (selling)
Giving us weekly net selling of 39k (that's alot) (the most all year)
Leaving them -46k net short.
A new record, prior record was Feb 10th @ -41k
Action since Tuesday,,, well its pretty tough to call it anything but bearish as we broke to new all time contract low on both old and new crop beans which is just inviting the new short sellers to join the party. I expect next weeks numbers will show more of the same old same old.
IDK where its going to stop guys and gals..... | |
|
Unofficial Start to Summer in the Bean Market
