Position Update on Corn and Bean Shorts

  • Posted on: July 23, 2013

On July 9th, I suggested selling that rally in CZ up to 5.30 and I had resting orders to sell August Beans at 15.10 if it ever popped up there.

If you have been following along, we actually have been short since the 5.65-5.70 level in CZ. We took heat, got stopped out on a weekly basis. Fortunately, we re loaded on the way down.

Today CZ is at 4.83
I have 4.70 to 4.60 as the next level.
Today August beans are at 14.84.  15.25 was the high in August.   Cover shorts at 14.51 and 14.36.

Take profits or roll down buy stop locking in profits.

Have a good day.

CER