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S Illinois | Here is the latest commitment of traders report.
https://www.cftc.gov/dea/futures/ag_lf.htm
It shows the producers/merchants/users/commercials category short 1.167 million corn contracts(net short 600k). This is who is taking the other position opposite the funds and their length. For those more familiar with this report and positioning, who is exactly short the 5.5billion bu and how much of this is actually production backed or hedging being done by commercials as farmers hedge bushels. Seems like a lot of short bu even for the commercials. Also the toughest category to short squeeze. Trying to get an idea who may keep driving the market higher. | |
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Commitment of Traders report and how to understand positions
