Will new month new money stop the down move?

Many markets had major down moves due to jitters over the new Covid variant Omicron and possible lockdowns/travel bans. Funds were huge buyers on the last COT report but have been massive sellers the next 5 sessions. Estimates have funds selling 100k contracts across the corn, soybean and wheat markets. Rumors of China buying soybeans out of the US Gulf overnight taking advantage of the big break in prices. Watching yesterday’s lows of 5.62 & 12.17 for first support today. Looking for new month new money and export business to solidify the markets in the short term. OPEC+ has a 2-day meeting starting today with rumors of a pause on added production could get a jump in the crude market. NFC Grain Comments 12.1.21

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