Corn Futures

[malleefarmer]

Every day we hear record short position.

Is it possible to find price they entered the market?

Errol tech anyone

[TechAnalyst]

Every day we hear record short position.

Is it possible to find price they entered the market?

Errol tech anyone

Hi Mallee,

The money managed funds have been adding to their net short position since the end of January. At that time they were net short -25,390 contacts with the price about $3.90/bu. They are now net short -289,542 with the price about $3.30 before the report yesterday. That's an increase in their short position of over 1.3 bil bu in about 5 months. The selling was fairly consistent so one could assume an average entry price of about $3.60.

Hope that helps.

[malleefarmer]

When do you suppose they will unwind there positions

Not much room for them if market keeps rising at figures you quoted

Edit Also see some serious heat for many parts over next two weeks in key growing areas or nothing out of normal bounds ? But