July 16 (Bloomberg) -- The dollar fell against the yen on speculation U.S. banks will report further losses this week, eroding confidence in the financial system of the world's largest economy.
As reported on my web site, I roller over my position in Rough Rice. RRN08 closed @ 18.69. RRU08 opened @ 18.458. Average cost:
18.458 + (20.148 - 18.69) = 19.916
As reported on my web site, I rolled over my position in Soybeans. SN08 closed @ 1581.48. SQ08 opened @ 1579.00. Average cost:
1579.00 - (1581.48 - 1352.833) = 1350.353
I am also looking to take a position in the Japanese Yen.
There's a potential pivot forming in the Japanese Yen, but I am not very happy with the level at which it is developing. Give it a bit more time and I should know where I would take my position.
The general consensus in the market and...
I tried to update this thread as frequent as I can but sometimes I got distracted.
Just want to say that I have entered into a long position with Rough Rice (RRN08) @ 20.148. The position was opened on the 13th but was only reported on my web site. Since the price has now retraced to slightly...
Soybean futures for July delivery rose the exchange limit of 70 cents, or 4.8 percent, to $15.165 a bushel in Chicago. Soybeans are up 83 percent in the past year, reaching a record $15.865 on March 3, on increased global demand for the oilseed.
Corn rose to a record for a second day, and soybeans reached a three-month high, as excessive Midwest rains flooded fields, delaying completion of spring planting and increasing the risk of U.S. crop losses.
Jay,
-- Agree.
-- Your journal is very interesting. I will spend some time going through it before posting comments/questions. I try not to post questions you have answered before.
-- Who's your hero when it comes to trading/investing?
With best regards
bhc investment