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Buxton ND | MMMMmmmmmm kinda GO, that's ALOT short covering,,, in 5 days with ZCH dropping 1/4 of a cent close to close with the 5 days range 3.64 to 3.72
IMVSO farmer selling counter acted all the short covering by the spec money.
This is why I have been using the words "hedge pressure" for a few months.
The down side is the spec longs sit @ 327k down that 13k above (long liquidation) Just to give you an idea summer of 2014 that number was 462k. At THE "peak" in 2011 this number was just over 600k................... That's ALOT of "We're Leaving" sad fact guys and gals is there billions, easier say trillions of dollar NOT playing commodity land anymore :o(
Fundamentals have not changed in corn, this short covering has lead to positive chart. How positive we will see come next week ? We had AN AWESOME CLOSE in corn today on WHAT ? I'm not answer my question,,,,,,,,,,,,, someone else's time to step in here and NO HINTS either. | |
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72k WOWWWWWWWWWWWWWWWWWW
