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Honored Advisor

So far overnites...

Corn up 5 beans up 9.  Have we seen the lows?   Somebody`s seein` somethin`.

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2 Replies
Frequent Contributor

Re: So far overnites...

Well BA given two facts 1. That the hedge funds have sold half of the remaining corn crop  at below the cost of production.  2. Some farmers appear to be having a few small problems getting this years crop in the ground.

Sometime in the near future the funds have to buy back their short contracts. Short term that increases demand 50%. They do not have the choice  of delivering the grain.  They don't have it.

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Honored Advisor

Re: So far overnites...

It could be a similar situation as the hedge to arrive debacle of 1995 ...not enough chairs when the music stops.

 

Shorts are moving orderly to the exits....nobody panic!   

 

 

https://finviz.com/futures_charts.ashx?p=d1&t=ZC

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