What Went Right
| Position Value | 0 |
| Cash Available | $40374.57 |
| Equity | $40374.57 |
| Realized Gains | $374.00 |
Fortunately, my realized gains is $374. Cash available is $40374.51.I sell a contract of C3U corn in Sep,14th. The price of corn dropped down at the first two days, and the gains was 587 at the peak. I offset the contract in Wednesday.
| Position Value | $1667.50 |
| Cash Available | $38919.90 |
| Equity | $40587.40 |
| Realized Gains | 0 |
In my opinion,there are three reasons for the gains. I analysised the condition of recent corn trade before trading, notice the trend was downwards. Because September is corn’s harvest time.The supply quantity in the market was huger. Referring to the demand and supply curve graph, the supply curve was shift to the left , then the price came down. Secondly, during the harvest time, the stock-out happened easily . Especially, the stock was little before harvest time. Thirdly, the weather during this week was good without rains, had an oppsitive influence on harvest.
I currently have no stocks.
Generally, I find I can use the CME statistics moderately. Combining the comments of experts is helpful. I often refer to some experts’ comments and predictions. I got some useful information about how the price is influenced by production, how the production is influenced by weather. Professor taught us the stock-out theory this week, which is useful in analysis during harvest time.