|
NE SD | Yes it was and most rallies since this trade war started died right at this level. Funds led us down to our most recent lows building a massive record short position on the way. Very unusual for this time of year. And so far from what i have gathered the have exited some but most of the rally has NOT been from them covering those shorts. For the most part they are holding....waiting. I keep expecting them to exit on the next weather forecast of cool and wet, less acres, lower yield but the seemingly very real and present danger of those is not enough to spook them yet and I just keep wondering why? Whats it gonna take? They usually have better info than we do so what are they looking at? If you know please share. | |
|
lethargic markets making me nervous
