Will soybeans be in the teens until harvest?

Market Pulse for August 27

We see in the Disaggregated COT last week Producers as well as Managed Money made solid bull moves. Producers went from a net short position of -102,559 contracts to -154,339 contracts net short. Managed Money went from 59,530 contracts net long to 101,995 contracts net long. If this continues week to week, I have no doubt we will see soybeans head to $15 and maybe even retest $16, which we saw hit the first week of July when big money was in the middle of a bullish posture.

If you need help understanding how to understand how to use the NEW COT report to your benefit get instant access to my new e-book "What Lies Beneath ALL Trends". It is filled with eye opening information.Commercial Net Tracker instructions: This form tracks the Commitment of Traders (COT) data for the commodity futures market. This form "looks" at the most recent five weeks of COT data and provides visual indications of the data. A) If the current value is at a 12-month low, the cell will display a red/burgundy background. B) If the current value is at a 12-month high, the cell will display a green background. C) If the current value went from net negative to net positive, the cell will display a blue background (indicating a bullish condition). D) If the current value is both a 12-month high and also went from a net negative to a net positive, the background will be green. You should view the data with green backgrounds to determine if they also went from net negative to net positive.

Proceed to Page 3 for this week's detailed fundementals...

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