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Buxton ND | This is the number that's been floated around by many including my self.
The "most" sure seemed to get caught on the wrong side of the fence today.
Spec money IS net short corn -93k last week and trade guess's of another 23kish short as of yesterday close.
We'll have fresh numbers out today.
IF they much more short as of this Tuesday,we could gap higher Sunday.
Maybe we need to just forgot about the 4.50 and see how things "shake out" for a week !!!!!
IF funds wanna cover all or most of their shorts we could blow though 4.50 like nothing to the up side.
Do producers need to totally STOP selling corn for a week ?????????
Toss in some importers around the world expecting that bearish report that may just say "hey its time we lock some more corn in here"
We made Key Reversals both daily and WEEKLY (very high volume ones) and pretty dern close to a monthly.
Made a SOLID close ABOVE the 45 day sma AND the down trend line,we have not closed above the 45 day since late August.
This also JUST turned the 18 day upwards...
These are points that would give me a nervous weekend if I was a short spec fund trader guys !!!!!!!!!
Remember a few days ago i posted about the HUGE gap in weekly corn ?
5.49 to 6.27
Just had to toss that in there for Jon ! ! ! ! !
BTW nice job on feed #'s | |
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$4.50 ZCH
