Grains: The Sector Has One Bullish Factor

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Noncommercial traders (funds) held a net-short futures in the major Grain and Oilseed markets as of Tuesday, January 9.Since then corn, soybeans, and Chicago wheat have all seen continued pressure indicating funds were continuing to sell.This could lead to a round of short covering for no other reason than wanting to move money to other longer-tern investment markets.There has been a lot of discussion about the Grains sector since last Friday’s data dump by USDA. Amid all the wailing, gnashing of teeth, and rending of garments by perma-bulls, not to mention the coddling of this group being don…

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