Yeah I’ve been looking at soybean meal as well. Although due to the positioning (extreme long) it could go either way. It can always go way higher if it clears the highs from November ‘25. Normally I’d be looking to be short from this positioning regime.
I'd happily take a measured move to those Nov highs :) re: your note on positioning, I see that as a large contributor to the volatility we're seeing right now as buyers and sellers grapple for control of the next leg
great stuff, thx. several of those align well w positioning (especially EURaud)
Love to hear it. Will keep an even closer eye on euraud in that case
Well said!
Thanks so much, George 🙏🏻 Taking the new book with me to Italy next month, can't wait
Yeah I’ve been looking at soybean meal as well. Although due to the positioning (extreme long) it could go either way. It can always go way higher if it clears the highs from November ‘25. Normally I’d be looking to be short from this positioning regime.
I'd happily take a measured move to those Nov highs :) re: your note on positioning, I see that as a large contributor to the volatility we're seeing right now as buyers and sellers grapple for control of the next leg
💯 high vol churn. Thnx. Thoughtful as always!