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NW Indiana | Don’t worry about trying to justify the daily actions. The thing to watch as of last Tuesday the funds are still short 215k corn only offsetting a net of 12k for the week.
Maybe the bigger news is the actually added slightly to their position in soybeans with a net of 2600 getting them nest short 141k which is a massive number. This 3 day rally is triggering them to cover and much earlier than most expected. It will likely be a wild ride. I will get nervous when the funds get near flat or looking for another sign of something no one seen coming | |
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Overnight
