date:Mar 17, 2016
Is funds short-covering spree in ags running out of steam?
Certainly, grain futures have lost the buoyancy they had even earlier this week, when soybeans, for instance, recorded their ninth successive session without a negative close.
Corn and wheat too managed to cross back above key moving averages helped by concerns that hedge funds record short position, as revealed by regulatory data two weeks ago, was unsustainable given some weather concerns and the prospect of northern hemisphere sprin