SUGAR - Looking for a place to get back on the long side. Our first attempt was met with a stop out and a loss of $275 per contract.
LUMBER - Came very close to our sell stop, but did not make it. We remain long from 274.
COTTON - Continue to look for a final rally to new highs in cotton to put a low risk short sale into place. On the aggressive short term front look to go long right in here for the final thrust up. The final downside target was 56.93 and it touched 56.95 on Friday. I am not going to quibble about 2 ticks!
SOYBEANS - Short from 8.70 1/4, Stop at break-even. Remain short.
CORN - Hold Long Term Short Position
CRUDE OIL - Stopped out of the short Friday for a loss of $312. We will be looking for yet another opportunity to sell short.
U.S. Dollar Index - Pull back we have been looking for may have begun on Friday. Look to buy the weakness. Targets for position initiation will be posted Monday.
HOGS - Hogs remain on the watch list, but nothing yet to make us jump in.
Sunday, August 19, 2007
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