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Buxton ND | Hall I'll answer this questions with a tweet I did about an hour ago.
"Spec money, ALL TIME record net short ZW was 5-5-2015 @ -77K by 6-30 they'd bought a net 79k
Last summers rally was a short covering rally.
Short covering rallies IMVSO means "Target Orders" above market.
Here to is a market whether higher OR lower the spec longs are quietly slipping out the back door, leaving the shorts (bears) in full control.
Our MPL wheat is not effected by Wilmington NC so it will stay in the bins til next summer. May sell some if we get the nice deer hunting rally and most will be sold on next springs carrot rally no later then JUNE 1st. MAY 1st by what the pocket gophers are telling me right now LOL | |
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So... Wheat.. Time to bull up, or selling opportunity?
