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| https://www.cftc.gov/dea/options/ag_lof.htm
New commitment report is released Friday. It should give us a better idea if this was a real top or not
Corn has mm at 400k long, 30k short, 200k spreading
Soybean has mm at 190k long, 10k short, and 120k spreading
Corn has producer at 1.4million Short and 660k long
Soybean has producer at 470k short and 290k long
I think sometimes the mm won’t give us a big run until farmers are overly sold on it. If they have too many on the long side, that’s like a bookie having everyone bet on the winner, ain’t no one gonna get paid if that’s the case | |
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Commitment of Traders
