2011-04-24th (Sun)

At the end of the previous trading session I had the following positions;
Long 20 contracts Copper May 2011 with ACB of 428.06
Short 20 contracts Wheat May 2011 with ACB of 793.82

I researched into my Thesis and believe based on what I currently know that Wheat May 2011 is on a down-trend and thus should Short the spike even when facing negative-roll-yield in contango.

Sell 10 contracts Wheat May 2011 at 820.00 (2011-04-24, 20:48 pm EST)

Currently I have the following positions;
Long 20 contracts Copper May 2011 with ACB of 428.06
Short 30 contracts Wheat May 2011 with ACB of 802.55

Copper May 2011 is currently 437.25 (2011-04-24, 21:29 pm EST) expiring 28th.
Copper July 2011 is currently 438.23.

Wheat May 2011 is currently 818.25 (2011-04-24, 21:29 pm EST) expiring 28th.
Wheat July 2011 is currently 851.75.

Stay Tuned,

Jeff
(2011-04-24, 21:41 pm EST)