Posted 6/29/2020 09:24 (#8343106 - in reply to #8343072) Subject: RE: Funds short Corn 315K
I do think there will be trouble finding buyers for that amount of volume. The price can get low enough to get the contracts cleared but even for the funds, there is a big difference going short at $3.25-$3.50 vs sub $3.00. To get another 250k contracts short will take a hard downturn and then it starts to become a volume thing. Funds won’t want to be short $2.75 corn in massive volumes and commercials will get their fill of bought contracts even for future demand and I don’t see commercials speculating to that degree.