Today is the unforgettable 9-11. Can't believe it has been 13 years now. The event has changed America forever.
USDA's WASDE Report release today at noon. The reaction wasn't as big as I expected. All of my exit orders didn't get hit. There were only three bear calls dried up. I didn't want to chase my exit orders based on my expectation of a follow up sell off. However the market opened up tonight with corn and soybean bounced back to pre-report level in anticipation of a cold weather forecast. Wheat is slightly down on reduced export forecast. I will take a stop loss of wheat 310 which is ITM with today's drop.
Indices grind up today. I didn't take the early sell because my available margin is at $80K. I want to reserve some in case of further roll over in grains. I am still not very good at accurately calculating my hedge and margin levels. Need to work on those more.
No comments:
Post a Comment