Unnoticeably Quiet


I wasn’t keeping an eye on the market at all today. I just about caught the pre-opening reports but other than that I didn’t see much. All in all, I don’t appear to have missed anything. The news this morning was about Paraguay and the expected good harvest there. Soybeans opened a little higher and traded in a fairly tight range, before closing -0.25. There was some news about another sale to China, but really it was just a quiet Monday.

The USDA released the weekly Crop Progress report as they do after the market closed and it wasn’t all that surprising. 12% of the crop has been harvested which is slightly below the expectations I’ve been reading. The crop condition improved some more and this will be an interesting factor in tomorrow’s movements.

Open Positions

Asset Contract Position Change
Soybeans November 2007 Long +0.13

Account Details

Account Balance: €271.48
Open Position P/L: €462.52
Account Position: €734.00
Overall P/L: -€1316.00