- Those in the ag industry that use social media, also known as #agtwitter, will turn over any and every stone looking for something to be bullish about in the corn market.
- The latest example is supposedly commercial traders moving to a net-long position in the latest weekly CFTC Commitments of Traders reports.
- However, real reads on market fundamentals - basis and futures spreads - are not bullish.
Before I started writing this piece over the weekend, I looked back through my recent work for Barchart and saw this would be similar to what I posted Monday, November 27. It tells me a couple things: First, it seems some folks in the grain and oilseed industry might not be reading what I post, or Second, folks in the industry have a short memory as they search for any reason to be bullish rather than realistic.
