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Buxton ND | Just a little caution flag on going long any grains right now.
From a fairly hard day lower yesterday OI is up 45kish..... That's alot in one day. This was across all grains,much much more corn and wheat***** So we have money coming INTO our markets, problem is,its coming in on the SHORT side gentlemen.This is bearish.
This money coming to the short side IS NOT just a one day deal.....
This HAS been the general trend all month,all grains,across the board.....
This is the general thyme towards grains from the spec money.....
This is a trend,,,, fighting this is a up-side battle.
NOT saying there will not be any rally's,,,rally's will be brief and short lifted living til we get some kind of new bullish "news" for the big money boys to trade. | |
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going long wheat
