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Palmtopper
Posted 9/5/2020 07:53 (#8477102 - in reply to #8476455)
Subject: RE: So what's the move?


SE Iowa
History says once they come from a large position they go opposite a large way...the headwinds this time of yr are the hrvst and commercials are not as shrt as they should be in corn.. as farmer sells (if) that will change offsetting fund length if they choose to push it..

Bean commercials are overly shrt as they should be as farmer have sold with these prices nearing yrly highs and with the large bean book for oct/nov del....

Bottom line looking at it face value i would say corn has support if funds continue and the risk is in the beans as the funds are getting close to net record long.
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