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Buxton ND | Been waiting for someone to bring up test weight's with corn ?
Low test weight years we'd have at least 2k posts addressing how much LESS bushels are really out there.
Addressing how much MORE corn it will take to fill that tanker of E of that semi of fats/hogs.
Now, north to south, east to west in general we have heavy weight corn.
We all know that test weight makes a big difference whether its 52 or 58
Pretty fair bet this is where some of that 169.3 bpa came from.
Has the heavy weight corn been fully factored into USDA's yields yet ? ? ?
Have YOU factored this in as to how many bushels you really have in the bin ? ? ?
My guess is the you's have,,, its just SHHHHHHHHH
OK now that I brought up something that was suppose to be as quiet as a church mouse here the corn spec money flow. Bean are flatish and not worth the effect. Wheat OK MPL, kinda bearish the winters. OH speaking of,,, MERRY CHRISTMAS HO HO HO there be snow.
Corn net selling on the week of 26k fairish amount.
12k of longs selling
14k of NEW net shorts entering the corn market.
362 longs these are the big boy traders that we need BUYING CORN not selling
343 short
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19k net long for the week ending the 11.17.2015
Less net long since 6.30.2015
Last summer
484 long these are the big boy traders that we need BUYING CORN and they DID, as in PAST tense.
161 short
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323k net long as of 7.21.2015
In a nut shell whether the markets been up or down the long side of the long spec money has been quietly slipping out the back door.
The short sideeeeee, compare the numbers your self,,, its quite clear their willing to sell corn and have kicked it up a gear since the report.
So there 19k long now, 2 weeks of selling (week one was heavy) does not make a tend, but it is the start of one.
All time record was -135k net short in harvest 2013.
Sounds BEARISH RIGHT, farm media IN GENERAL is talking "funds record net short*****
I've heard this many times this week.
I've heard Thursday at a marketing meeting.
Heard it on farm radio.
Heard it on Market rally, even from Chipper.
The "herds" is being "fed"
That chart I wanted below does showing C,W,B,Hoofs ARE record net short, that's why I wanted that chart..........
BUTTTTTTTTTTTTTTTTTTTTTTTTT,
In corn, beans and wheat.
THEY ARE NOT RECORD SHORT GENTLEMEN PERIODDDDDDDDDDDDDDDDDDD
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Test and Specs
