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| I have mentioned this before & someone else posted the same number the other day. The tightest wheat....usage as a per cent of total beginning supply is SRW at 6.7.%;;spring was/is 12.1%...Friday, when the COT is released my first focus is to see who liquidated..old crop wheat this previous week....because for the past couple of months...speculative shorts outnumber speculative longs by 1/3....commercials own the 1/3. If they stand for pricing purposes.....there could be more fireworks...not predicting this..just be careful in this old crop chicago wheat. | |
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SRW
