{"id":69,"date":"2012-10-20T13:39:24","date_gmt":"2012-10-20T20:39:24","guid":{"rendered":"https:\/\/blogs.ubc.ca\/iris\/?p=69"},"modified":"2012-10-20T13:39:24","modified_gmt":"2012-10-20T20:39:24","slug":"what-went-right","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/iris\/2012\/10\/20\/what-went-right\/","title":{"rendered":"What Went Right"},"content":{"rendered":"

These two weeks I sold corn future contract. And I offset it on Oct 17th<\/sup>. Generally, I gain $445, accounting 50% for the whole investment. I thought I had invested smartly this week.<\/p>\n

What should be mentioned is that I suffered margin call on Oct 11th, when the USDA report was released. I was in panic when I received the email of margin call. But I calmed down myself, finding out the reason result in the sharp decrease. Chicago Board of Trade (CBOT) corn futures Thursday ended sharply higher, due to the USDA supply and demand report on October. USDA forecastU.S.corn ending stocks at 619 million bushels, the lowest point during 17 years, which is less than analysts\u2019 forecast of 648 million bushels and less than the September forecast of 733 million bushels.I continued holding the contract for six days. Because it was predicted that he soybean sharp decrease may influence the soybean market .Then I offset it and had a big gain.<\/p>\n

Oct 11th<\/sup><\/p>\n\n\n\n
Holding 4 – short on C2Z\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 mark to market<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 price in:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 753.25<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 today’s price:\u00a0 773.25<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 committed:\u00a0\u00a0\u00a0\u00a0\u00a0 $1080.00<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 gain\/loss:\u00a0\u00a0\u00a0\u00a0\u00a0 $-1000.00<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 ** margin call of 1000.00 **<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Oct 17th<\/sup><\/p>\n\n\n\n
\u00a0 Position Value: $0.00<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Cash Available: $40446.45<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Equity:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $40446.45<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Realized Gains: $445.00<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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The former blog I have written mentioned my prediction about the decrease of corn and my uncertainty about soybean market. Many traders believe that the U.S. Department of Agriculture report announced next week, might raise the soybean yields, the increase rate is expected about 2 bushels per acre to 4 bushels, to suppress soybean prices down. And it is not sure that the USDA report\u2019s influence to soybean price is negative or positive. I choose to do nothing with soybean. It is proved that I am right. It is necessary to analysis the whole market and reports and refer to experts\u2019 comments. After collecting information and analysis them, you will be an expert, and gain a lot.<\/p>\n","protected":false},"excerpt":{"rendered":"

These two weeks I sold corn future contract. And I offset it on Oct 17th. Generally, I gain $445, accounting 50% for the whole investment. I thought I had invested smartly this week. What should be mentioned is that I suffered margin call on Oct 11th, when the USDA report was released. I was in […]<\/p>\n","protected":false},"author":14448,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-69","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/iris\/wp-json\/wp\/v2\/posts\/69","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/iris\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/iris\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/iris\/wp-json\/wp\/v2\/users\/14448"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/iris\/wp-json\/wp\/v2\/comments?post=69"}],"version-history":[{"count":1,"href":"https:\/\/blogs.ubc.ca\/iris\/wp-json\/wp\/v2\/posts\/69\/revisions"}],"predecessor-version":[{"id":70,"href":"https:\/\/blogs.ubc.ca\/iris\/wp-json\/wp\/v2\/posts\/69\/revisions\/70"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/iris\/wp-json\/wp\/v2\/media?parent=69"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/iris\/wp-json\/wp\/v2\/categories?post=69"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/iris\/wp-json\/wp\/v2\/tags?post=69"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}