As I suspected yesterday I was too heavy leaning to short side before WASDE. The report was close to traders' estimates. Corn came out even slightly bullish on production rate. Prices didn't go down as much as I expected. All of my puts targets didn't get filled. As the pros often say, the numbers are priced in already. Corn closed up 4 cents. I bought a Sept call to hedge my positions. I will re-access market and my positions. Always remember to have protections and expect unexpected. There is nothing for sure in trading once I am in a position.
ES held up well between Fib 38 and 50RT. Bulls may challenge the above level again in next couple days.
I dipped in a bull put of 1830 for Aug 29.
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