Lots of volatility and summer holidays inclined me to square up.
Shocking numbers out of the USDA on corn. But if the USDA was a bit high on acres planted, and use picks up with lower prices, we could be back to a tight (sub 5% stocks/use ratio) market pretty soon.
It's important not to get too attached to positions... so I will try looking at the market with fresh eyes tomorrow...or Tuesday.
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Tom Farley's Wheat Trading Journal
DISCLAIMER: THERE IS A POSSIBILITY THAT I COULD BE WRONG.
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