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| Last year,the funds were long as we're the pro-traders and producers were metering the inventory into a demand driven market. The first paper short in came from SA,hedging a record corn crop,followed by funds exiting their longs and then going short....the pros went short there also. Eventually we reached market capitulation,brow beaten bulls sold the physical after a $4 break.
The market set up is different this time around...funds are already short as are the pros and don't look for SA to save your bacon by coming in and hedging this years production....planted acres are down,price is down,they need what they have coming there and the Wx isn't looking too good!
The bears are blowing bubbles here,trying to suck in some shorts so they can,as of Friday, get out of a jam....who wants to sell here...I know, the bears do. Plenty of water in their boat now and no land in sight....I'm not climbing in there! Their game is psychological in a demand market,only down $4....their greed will be their demise! | |
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Sat says we got to move the funds from short..
