Any ending stocks number, as long as it doesn't have a two in front of it, psychologically is supportive for price.
More Quotes from Jason Ward:
So, that 36,000 contract swing going from a long to a short position moves the market. The specs are momentum traders and they like to use moving price averages.Jason Ward
Buying from both fund categories of index and spec has become the number one thing we look at on a day to day basis, over weather. We look at what their buying total is, short or long the market, and across all positions we cover, which is livestock, grains, and energy.
Jason Ward
This whole lets wait and see what tomorrow brings, corn prices could be 0.30 per bushel lower. We are telling farmers to take a look at these current offerings in the market.
Jason Ward
It's going to take more poor weather in South America, or some other news event before they would become long.
Jason Ward
This issue has come about because of actions by the state Legislature to open up funds to help attract these types of businesses to the state of Kansas. ... This is an opportunity for the city to join in the state's recruitment of this type of industry.
Jason Ward
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