More Discipline

Only this time, the "get out of losing trades" kind of discipline.

Hottest July since 1955 in Iowa and more heat still to come ...This weather has pushed corn back to the highs (for Dec) and pushed the bottom end of the wheat market up with it. Therefore Long MGEX vs anything was the wrong way to be.

Further, on the calendar spreads, expensive corn leads to more livestock seeing CBOT soft wheat in their rations, so that Sep/Dec spread reflects tighter supplies and we had to exit that as well.

Flat all around now.