Posted 3/12/2019 08:35 (#7375224) Subject: Managed Money near record short
What's the point of tracking CoT?
Managed Money Mmght be record short at this point, most recent data says 217,000 contracts or something.
What's this mean? Idk, I'm not that smart.
Problem is they are positioning themselves for projected plantings with big corn acres (and I have doubts about major corn increases here) but it may stay down until April 1. If they want to exit their positions, is it worth a rally that we can quantify?
I went long corn late last week based on the strategy to #fadeNat