2011-06-19th (Sun) Futures Contracts Rolling Forward

At the end of the previous trading session I had the following positions;
Long 25 contracts US Crude July 2011 with ACB of 98.2468
Long 35 contracts US Wheat July 2011 with ACB of 727.81

US Crude July 2011 rolled forward to US Crude Aug 2011
Roll-out-of 25 contracts US Crude July 2011 at 92.970 resulting in a deemed disposition loss.
Roll-into 25 contracts US Crude Aug 2011 at 93.40
My true position will be Long 25 contracts US Crude Aug 2011 with ACB of 98.6768

US Wheat July 2011 rolled forward to US Wheat Sep 2011
Roll-out-of 35 contracts US Wheat July 2011 at 672.25 resulting in a deemed disposition loss.
Roll-into 35 contracts US Wheat Sep 2011 at 708.00
My true position will be Long 35 contracts US Wheat Sep 2011 with ACB of 763.56

Currently I have the following positions;
Long 25 contracts US Crude Aug 2011 with ACB of 98.6768
Long 35 contracts US Wheat Sep 2011 with ACB of 763.56

US Crude Aug 2011 is currently 92.730 (2011-06-19, 23:05 pm EST)
US Wheat Sep 2011 is currently 708.50 (2011-06-19, 23:05 pm EST)

We saw no significantly positive news regarding Greece over the weekend and so markets may remain volatile on Monday 20th.

Article - "Questions and answers about Greek debt - Questions and answers about the debt crisis in Greece"
http://finance.yahoo.com/news/Questions-and-answers-about-apf-938642491.html?x=0&sec=topStories&pos=3&asset=&ccode=

This article caught my eye and reminded me of John Perkins' book "Confessions of an Economic Hit Man" although the scenarios are entirely different it was still an interesting read.

Article - "Philippines' Aquino halts some foreign-funded work - AP Interview: Philippine President Aquino halts or reconsiders $2B in foreign-funded projects"
http://finance.yahoo.com/news/Philippines-Aquino-halts-some-apf-1197662810.html;_ylt=AqOJSSS2dDwcFyPexLVLVCyxba9_;_ylu=X3oDMTFlNXU5dmNyBHBvcwMxNgRzZWMDbmV3c0h1YkFydGljbGVMaXN0BHNsawNwaGlsaXBwaW5lc2E-?x=0

Our first line of credit was activated on 2011-06-16th (Thurs) to maintain our positions.

Total equity is 43% of June 1st, and a slight decrease from previous.   We gave back all the gains we made last month.

Stay Tuned,

Jeff
(2011-06-19, 23:07 pm EST)