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Buxton ND | Wheat had a really nice run but in ZW its been pretty much short covering,,,leaving OI @ 339k the lowest since sometime in 2009. Funds have been short ZW since 11-30-2012 that's a long time......Record short -62k mid December,,,-50-62k short all of Dec and Jan but have been buying back there shorts since the end of January each and EVERY week to last weeks -7 k net short,,,so this week they should be even to net long 5kish
I haven't sold anything yet but thinking harder with over a $1 rallied in spring wheat where the above numbers are a little more positive but do want to have something sold prior to the planting intentions report. | |
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Made first wheat sale for fall today...Wheat from here.
