Buxton ND | Tara Farms - 10/24/2015 20:36
well I can put it on FedEx and ship it back to you but I'm sure I will need it back after the first of the year. LOL
The market action ( of the spreads being taken out ) will be looked at from two very different view points.
1) A group will talk of how the crop is not there and the bull spreading action in the market proves that.
2) The other group will talk of how tight farmer holding is the reason for the market action.
To me the first group will see reason 2 to be almost as bullish as reason 1
and as always time will tell which group is correct
bring on the rally
Then we have group 3 or group "spec money" they could care less about group 1 or 2
IF my thoughts on money flows are correct,,, my guess is we go sniff around 3.60 ZCZ to end the month. IF we do, it will do it quickly.
I would be very careful about buying corn/beans/wheat on the board here guys and gals.
On a side note remember back in September when "the most" were expecting a rally in October ? |
How much Corn & beans are commited to deferred price contracts?
