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Soybean getting slammed
- Thread starter spersky
- Start date
How is it that we can be down 82 cents tonight when the new limit is only 70 cents?
I was surprised too. They must have gone the way of expanded limits like wheat. I think its 50% more so maybe the limit today is 105???
Here's the press release...read the fourth paragraph.
http://cmegroup.mediaroom.com/index.php?s=43&item=710
Here's the press release...read the fourth paragraph.
http://cmegroup.mediaroom.com/index.php?s=43&item=710
Quote from pkts:
I was surprised too. They must have gone the way of expanded limits like wheat. I think its 50% more so maybe the limit today is 105???
Here's the press release...read the fourth paragraph.
http://cmegroup.mediaroom.com/index.php?s=43&item=710
Thanks for the link pkts. That explains it.
Congrats to spersky.
from bloomie:
Hedge Funds
In the week ended March 25, hedge-fund managers and other large speculators held 114,759 net-long contracts, down 0.9 percent from the previous week, according to the U.S. Commodity Futures Trading Commission. Net-long positions, or bets prices will climb, reached a record 155,278 contracts on Dec. 11.
Funds that invest in baskets of commodities held 175,137 net-long contracts, down 0.8 percent. Index funds were net long a record 198,707 in the week ended Feb. 19.
``Anybody that bought soybeans since the start of the year will be going home with a loss today,'' Henderson said. ``There could be more liquidation'' of investment and speculative bets on higher prices before the market's decline slows, Henderson said.
http://tinyurl.com/2nbr6q
Hedge Funds
In the week ended March 25, hedge-fund managers and other large speculators held 114,759 net-long contracts, down 0.9 percent from the previous week, according to the U.S. Commodity Futures Trading Commission. Net-long positions, or bets prices will climb, reached a record 155,278 contracts on Dec. 11.
Funds that invest in baskets of commodities held 175,137 net-long contracts, down 0.8 percent. Index funds were net long a record 198,707 in the week ended Feb. 19.
``Anybody that bought soybeans since the start of the year will be going home with a loss today,'' Henderson said. ``There could be more liquidation'' of investment and speculative bets on higher prices before the market's decline slows, Henderson said.
http://tinyurl.com/2nbr6q
anyone thinking of shorting ZS at these levels? soybeans arenow green for today! i'm thinking of shorting. but have never traded beans before :eek: :eek: