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Buxton ND | Funds are still net short in corn -41k as of the 20th
Monday's wild volume day in bean,,,,,,,,,,,,,,,,,,,,,,IDK but trend changes often happen on ballistic volumes.
Add in a cup this
"#margins @cmegroup increased margins for C,S,SM,&BO .. for specs, +17/17/29/&50% respectively
Quart of that
"#meal Tues' volume @ 120k on the pullback is larger than any of soymeal's rally-days since June 11 ..bearish sign"
Gallon of this
#corn OI has declined 10%, 125k, since close of 8/19 thru 8/27... cz unchanged @ $4.86 close- to- close for the period
And top it off 55 drum of numbers
#beans First daily pivot R SX is 14.09.. check (these large #'s messing w/ my mind) 4 handles (11,12.13.14) in 13 days
#corn OI has declined 10%, 125k, since close of 8/19 thru 8/27... cz unchanged @ $4.86 close- to- close for the period
I know you guys will think I'm crazy,,,,,,,,,,,,,but there too many numbers that say the drought/heat rally is done,at least for the time being.
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Same question, two days later. Does this rally have enough ....
