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Menomonie Wi | Corn-Managed Money net short 1.21 billion bushels pretty sure that's a new record. Just think on August 31 Dec17 closed at $3.45 and were net short 315 million bushels. 75 days later they sold 895 million bushel of corn, along with farmers cleaning up old crop and harvest almost done and all we do is make a new Dec17 low by $.09. These sellers are pathetic, at least go to Sept17 lows of $3.28. I not saying we rally $.50 from here but I would not be scared of the price of corn going lower, do not make panic sales right now. | |
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