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NW Indiana | Yes those are net numbers but on corn there is 213k shorts that are profitable. The question is do the longs puke and let the shorts cover or do the longs stay the course allowing a nice short cover rally like we have seen in the past. Beans fundamentals haven’t really changed and with the critical SA weather kicking in gear in just a couple months I think the funds will stay long beans. Producer selling is a concern but with the last couple years very profitable I don’t see them puking. | |
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