Saturday, September 13, 2014

Bumper Crop

















On September 5, 2014, I sold my position in Priceline because I didn't like the way the chart was looking.

Yesterday, September 11, 2014, the USDA released its monthly report on World Agricultural Supply and Demand Estimates.  The report was bearish for the grain markets.  As a result I decided to take a short position in December Wheat Futures, even though it is late in the move. I think wheat may go lower to $4.50.

WASDE Report Here

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