| w1891 - 3/4/2024 10:22
Sorry but SC Ks is not the corn market. There is a ton of corn that will get priced.
Knock yourself out.. 67% of the corn crop is already priced. If you average demand at 14,555 million bushels you get about 8% of the crop which is crushed, Fed or exported per month.. plus the funds are still short around twice that amount.. it would take over 3 months of farmer sales to offset that.. which would incur another 2 months of demand.
https://www.reuters.com/markets/europe/funds-cover-cbot-corn-shorts-sell-soy-15th-straight-week-2024-03-04/
So Yal.. I think it’s gonna take a pretty big rally.. especially if when we start talking weather for the funds to exit this near record short position.
Edited by JonSCKs 3/4/2024 11:34
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Funds starting to cover.. how high? $1 Corn.. $2 soybeans??
