What went wrong in the 4th week

At the beginning of the 4th week, I was holding long passion on wheat and short position on corn and soybean, since as the USDA will likely raise its corn and soybean production forecast but good news come from Australia wheat market. My prediction was correct a d my total balance came up till $44626.32.

However, I did not realize that on Thursday after the U.S. Agriculture Department slashed its forecast for global ending stocks and estimated the drought-plagued U.S. crop will be the smallest in six years, all commodity prices goes up on Tuesday. I lost more than $12000 in that single day!!! This is the only lost in lost week and it did not recovered by Friday’s grain.

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