Speculators Flee Canola, Wheat Still Uncertain: Still things are good for canola

This should be a correction not a melt down.

Speculators Flee Canola, Wheat Still Uncertain

Don Bousquet is still optimistic when he talks about pessimistic news. AMAZING!!

My take away points from the article are:

• This looks like a correction in an overbought market. I've been wrong before and it's not my money riding on this, but that's what I think
  
• It's sad that farmer selling increases as soon as price goes down. Earlier a lot of my guys sold a %% of new crop (10% to over %30) into the rising market. It is mentally hard to sell into a lifting market, but you gotta do it


• Stronger signal for wheat. And not just weather signals. More corn, more feeds will effect wheat price to the upside. If more wheat goes into feed ration, same again.


• Funds are mentioned again. These managers are buying and selling off charts. That's not a evil thing, that's just how some funds are doing it.