Wake Up Call

Open interest reports suggest it may have remained active for beans, but we did see lower overall volume and a smaller increase to open interest. Two signs that we would look at to suggest that possibly fund selling has slowed. We will use these as well as volume spikes during the day as our best guide to determine fund activity until seeing Friday's commitment at Trader's Report. The most important reason that fund selling slowing down is important to our day-to-day trade is that we did have strong exports last week, but any buyers that are going to come into the market are likely going to remain quite cautious until they see fund selling slow or even come to a stop. So we may see a few people stepping in, adding light support. after what we saw yesterday from what looked like fund selling slowing.

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