Managed Money funds added RECORD new longs in Soybean Meal last week. 🌱
That’s a big bullish bet on higher prices. 📈
Crude Oil, Bean Oil's direction, Argie weather, and U.S. planting will be the key X-factors from here.
Watch this closely.
Funds added *record* bullish bets in Soybean Meal last week. 🌱
That’s a billion-dollar bet on higher prices. 📈
Meanwhile, Crude took a hit. 🛢️
Big long liquidations & new shorts.
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