Indices marched on towards new highs. ES is only 16 points to 2000 now. I sold a bear call of 2010 for next week. My expectation is to see a sell off after a new high if the past pattern repeat itself. A better timing may be after a new high is made.
Grains explored lower again today on Pro Tour of fields. Overall they are still in a holding pattern matching their seasonality. The next USDA progress report may give a better picture of grains yield. The general expectation is to see a better yield which is bearish for grains prices. I need to be more patience. The next shoe drop may be in mid of Oct according to seasonal of grains.
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