- Got lucky with the feeler trades from 2 days ago. Poor USDA crop reports for Soybean and Corn pushed prices to limit up yesterday (both 30 month highs).
- Increased Soybean and Corn position last night. Squared the Wheat at a small profit.
- Time to sort out the wheat from the chaff. Convinced Risk On will gather pace from here after shaky start to year (possibly too many carried forward positions ripe for shakeout). Will try to consolidate core book into a few key positions to focus on going forward. Discard the lower conviction trades. (eg C & S charts look better than W. Do the same with the others).
- P&L likewise has also followed Risk On; from negative last week to respectable positive.
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