Wheat Alert:
View Complete Report http://www.cotlive.com/COT/Main.htm
• Small fund shorts have added to their shorts making a new record at 144045 contracts
• Short Money Managers like CTA's have also posted a new record short at 110780 contracts
• Small short specs are reaching 60000 contracts
• Between these 3 categories the shorts have lost $550,000,000 on this back rally of .35 cents
• Weather has reduced yields in the US, Canada and China.
An early rally this week should cause more short covering and protection of remaining profits. Options go off June 25th and plays into any possible short covering this week.
COTLive.com -- TopStep Email Alert. View Complete Report http://www.cotlive.com/COT/Main.htm
Sponsored by: Advantage Futures Inc. http://www.advantagefuturesinc.com/
Email alex@cotlive.com
