Funds added 12K longs as of Tuesday, sold around 6K meal, bought 24K oil- probably just an unwind of long meal/short oil.
The top analyst who I referenced is also questioning USDA's bean yield number but I'm not convinced of the agronomic case, unlike corn where I think the question is more open.
Wheat still very short although lightened a little, corn added 35K shorts.
I gotta think that the more likely outcome here is to liquidate the bean longs first before we can look for a broad basing in all grains.
