Daily US grain report: big speculative "fund" traders in US grains bailing out of short positions

US grain futures prices were higher in overnight trading, on follow-through strength from good gains posted Thursday.
calendar icon 13 September 2019
clock icon 4 minute read
graph showing declining price of corn market prices
Bears have chart advantage amid price downtrend, however, the big speculative "funds" appear to be liquidating their major short position, which is likely to have put in a market bottom

© Jim Wyckoff

graph showing slow increase in soybean market prices
Price downtrend negated to suggest a market bottom in place; also, the big speculative "funds" appear to be caught short and are likely to continue to bail out of shorts

© Jim Wyckoff

© 2000 - 2024 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.