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Buxton ND | May 500 mbu of spec longs out of the market is right in line with my thinkin. spec long where 260k near the top and i'm think 150k currently so very close to 500 mbu mark.
So how much energy is left,unless spec want to get near even not a lot IMO BUT bean oil there all ready net short a record... Since Monday OI's have been even in corn and down about 5k in beans, so no big deal there
Today's close sxckeddd making a new low close but not a low,stops under $14 and more so under the gap if triggered thing could get nasty to the down side... giving us new weekly closes across the board... Volumes were fairly lite both corn and bean.
SA today rains north,sun south,just what they want......
North's comments about this political BS remains a HUGE DEAL UN-certainty, makes traders nervous and nervous trades want their money in their pockets not on the board..............
I'm JUST starting to sense growers are getting pizzed off and near jumping ship and selling ??? I don't think we're too that point YET ..... | |
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Thoughts on today's bean close
