Grain markets continue up

[beaverdam]

Locked at limit up,,, for the moment. + $30.00/t

[AlbertaFarmer5]

O, guess it depends how far the horizon is....

Feb del basis Mar pushing 50 under some places.....

So would the spreads and the basis indicate that this spike is more likely panic short covering, and not sustainable?

The daily canola moves are tracking the spreads in soyoil quote closely. The front month move being ~3 times the farthest out contract today.

[Partners]

RP running off May now? Wtf?

[helmsdale]

Anyone have info on net long/short for the major markets?

On the issue of shorts, it's quite something to watch in the equities markets as the WSB crowd is taking billionaire hedge fund owners to the friggin cleaners on their short positions in the most heavily shorted stocks.

Some of these things are so shorted, that there aren't even enough shares publicly traded to cover their positions! You'd think that the "smart money", would have gotten the memo that markets have no connection to reality anymore...

[farming101]

Leveraged to infinity. The approved way to conduct business these days....

[jazz]

The equities market was partially broken back in 2008 with the great recession and mortgage meltdown.

Corona has finished the job. There is no way to short anything with endless stimulus coming in which is used to buy back stocks.

Thats how buffet got to $400B or whatever, using nearly interest free money and cash flow to buy his own stock. Thats how some of these things with no profits like Amazon and Tesla have valuations 100x PE.

Giant ponzi.

[Old Cowzilla]

Well if they can't get any more canola that gives them more time to buy some of that binbustin cheap wheat that there's no use for !

[FarmJunkie]

Completely fixed system. They refuse to let the system they created do it’s thing. Manipulate is the name of the game so the super wealthy can keep control of “their” world. Been going on since deficit spending started.