{"id":4,"date":"2013-09-20T12:38:25","date_gmt":"2013-09-20T19:38:25","guid":{"rendered":"https:\/\/blogs.ubc.ca\/juan\/?p=4"},"modified":"2013-09-20T12:38:36","modified_gmt":"2013-09-20T19:38:36","slug":"first-trade","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/juan\/2013\/09\/20\/first-trade\/","title":{"rendered":"First Trade"},"content":{"rendered":"<p>I did a Short hedge of 10 contracts of wheat because the entire commodity market is in downward price movement. In particular, all the grains are decreasing around -0.88% and -2% since the last price (<a href=\"http:\/\/www.bloomberg.com\/markets\/commodities\/futures\/agriculture\/\">http:\/\/www.bloomberg.com\/markets\/commodities\/futures\/agriculture\/<\/a>), being soybean the one who has the mayor decrease. Also in other relevant markets we can observe a downward price. For example both Gold and Oil futures have a negative change in the last period and shows a downward tendency since early September.<\/p>\n<p>In terms of the trends of grains we can observe a significant decrease of wheat since November 2012 (as we can see in the chart) and more slightly for soybean and corn since this September.<\/p>\n<p><a href=\"https:\/\/blogs.ubc.ca\/juan\/files\/2013\/09\/wheat-monthly.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-5\" alt=\"\" src=\"https:\/\/blogs.ubc.ca\/juan\/files\/2013\/09\/wheat-monthly-300x144.png\" width=\"300\" height=\"144\" srcset=\"https:\/\/blogs.ubc.ca\/juan\/files\/2013\/09\/wheat-monthly-300x144.png 300w, https:\/\/blogs.ubc.ca\/juan\/files\/2013\/09\/wheat-monthly-500x241.png 500w, https:\/\/blogs.ubc.ca\/juan\/files\/2013\/09\/wheat-monthly.png 650w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>(Source: <a href=\"http:\/\/www.cmegroup.com\/\">http:\/\/www.cmegroup.com<\/a>)<\/p>\n<p>As my expectations are based in the maintenance of that negative trend in wheat, I expect to win the difference of today\u2019s and December\u2019s selling price of wheat.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I did a Short hedge of 10 contracts of wheat because the entire commodity market is in downward price movement. In particular, all the grains are decreasing around -0.88% and -2% since the last price (http:\/\/www.bloomberg.com\/markets\/commodities\/futures\/agriculture\/), being soybean the one &hellip; <a href=\"https:\/\/blogs.ubc.ca\/juan\/2013\/09\/20\/first-trade\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":20423,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/juan\/wp-json\/wp\/v2\/posts\/4","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/juan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/juan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/juan\/wp-json\/wp\/v2\/users\/20423"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/juan\/wp-json\/wp\/v2\/comments?post=4"}],"version-history":[{"count":3,"href":"https:\/\/blogs.ubc.ca\/juan\/wp-json\/wp\/v2\/posts\/4\/revisions"}],"predecessor-version":[{"id":8,"href":"https:\/\/blogs.ubc.ca\/juan\/wp-json\/wp\/v2\/posts\/4\/revisions\/8"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/juan\/wp-json\/wp\/v2\/media?parent=4"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/juan\/wp-json\/wp\/v2\/categories?post=4"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/juan\/wp-json\/wp\/v2\/tags?post=4"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}