Stopped out of the Sugar position. went short the British Pound, and went long the 30-Year Treasury Bonds.
Sugar
Trade Spotlight: Futures – Weekly Summary: Sugar
Shorted the Sugar futures contract before the Thanksgiving holiday. Trailed the stop loss lower twice this week to reduce the risk.
Beyond the Spotlight: November 30, 2020 (Aussie, Meal, Sugar)
Beyond the Spotlight is a weekly video released on Mondays that spotlights two or three markets that may become trading opportunities for the week ahead. This enables you as a subscriber of the Trade Spotlight advisory service to look ahead with us, while potentially creating additional trading opportunities for yourself. The week’s video linked below… Read more.
Commodity Markets Showing Optimism Toward Withstanding Crises
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Beyond the Spotlight: September 28, 2020 (Hogs & Sugar)
Beyond the Spotlight is a weekly video released on Mondays that spotlights two or three markets that may become trading opportunities for the week ahead. This enables you as a subscriber of the Trade Spotlight advisory service to look ahead with us, while potentially creating additional trading opportunities for yourself. The week’s video linked below… Read more.
Will Fears of a Slowdown in US Economic Recovery Spark Congressional Action?
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End of Second Quarter Marked By Improvements in Economic Indicators
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Are Economic Benefits of Reopening Already Priced Into Commodity Markets?
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Beyond the Spotlight: April 20, 2020 (Nat Gas, Bean Oil, Sugar)
Beyond the Spotlight is a weekly video released on Mondays that spotlights two or three markets that may become trading opportunities for the week ahead. This enables you as a subscriber of the Trade Spotlight advisory service to look ahead with us, while potentially creating additional trading opportunities for yourself. The week’s video linked below… Read more.
Turner’s Take | Ethanol and Corn
Farm Policy (Univ of IL) is estimating ethanol production will be down about 750mm gallons for March, April, and May. That is about 250mm bushel of corn lost from decreases in ethanol demand. There will probably be more demand lost in June/July/Aug to round out the marketing year. Right now we could be looking at 350mm to 400mm bushels of lost demand for 2019-2020 corn. The big concern is those bushels go right back into the ending stocks on the balance sheet.