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Your answer for corn and wheat


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Grain futures today mounted a sharp rally in corn and wheat, so much so that everybody is runningaround thinking a significant bottom has been scored, and drought is on the way. What really happenedis that the index funds were short corn, and massively I might add and had not made any money on theirpositions since the April 21 low until corn finally broke down late last week. Since index fund managersare only paid on closed positions, and typically quarterly, with no downside action scene Sunday night,index funds stepped in for a payday and cashed out a large chunk of contracts today. It has everything todo with the end of the month and end of the quarter, as index funds have not seen their fortunesincrease for seven weeks until Friday.

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Eugene Graner is the founder and President of Heartland Investor Capital Management Inc. As a veteran commodity analyst, broker, and CTA that eats, sleeps, and breathes commodity futures, his priority is to bring clients the latest and most useful information of the markets along with uncannily accurate futures predictions. By balancing risk and reward, Eugene uses his proprietary trading strategies to develop the best possible trading approaches for his clients. He has 28 years of experience in the industry and his voice has been heard around the United States. He is heard on multiple radio stations throughout the day, also has been featured on CNN, Bloomberg, Wall Street Journal, and The New York Times, and is the go-to guy to for multiple TV network stations for interviews about market news weekly.
 
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