In a van, down by the river. | The dust-up in 2015 was fueled by massive short-covering by the funds, who then rode their own wave to a large long position...and then they shorted it again. This year it seems their short-covering rocket fuel failed to propel us beyond the pull of gravity. They bought a billion bushels and all we got was a lousy dime (or so...). Maybe I have backyarditis, but things don't look bad enough yet to blow this higher. |