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| I agree palm.
The rule changes at the CME that allow funds to hold nearly 70% more holding than anytime in past history throws the “record long” argument out the window. The extra trillions of $ printed are gonna go somewhere.
A Safrina corn crop that is below sub par, record demand, subsoil moisture in key areas well below adequate as we head into the summer, delayed planting in the south and East, falling dollar, inflation of commodities, etc.
A pull back was expected....always happens at some point in rising markets. Then the computer algos take over and multiply the situation lower than it should of went. Get a few paper handed Pams out of the way in the process. My gut says we haven’t seen the highs. | |
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Cz21 and cz22
