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Dudes...LOL...You can't even wait for page 2 to trash a thread.

https://menafn.com/1099589605/Fallen-UBS-trader-Adoboli-seeks-redemption-in-bond-market-deals And he learned a lot in jail : "I took responsibility because basically nobody else wanted to", he said of the UBS conviction...LOL

01-21-20 : Long Brent Z20/Z21 @ 2.17 - The 2021 expiries have flattened too much compared to the 2020 expiries in the last leg down. - Brent is where the geopolitical risk is and IMO this risk is undervalued now. -The current level is the previous july and september highs( hopefully turned...

https://uk.reuters.com/article/us-global-refineries-fueloil/u-s-refiners-grab-unloved-russian-fuel-oil-on-back-of-new-shipping-rules-idUKKBN1ZG0J2

http://grainmarketsandotherstuff.buzzsprout.com/793022/2499742-us-china-trade-deal-first-impressions

-Hogs is a no brainer, we just need to go through the inventory first : Long a deffered spread I would say. -For wheat, I also read somewhere that China may actually need SRW but the price is too high. -Soybean is already fully priced as if stocks were huge this year and non existent next year...

01-14-20 : Same thing. Bad trade. Out @ 4.9.

01-09-20 : Out@-1.350. Bad trade. No idea why.

01-08-2020 : Long LE G/J/M fly @-9.125 - Trade deal with Japan and ( China ). - Low level. - Seasonals.

https://www.artberman.com/2020/01/06/the-iran-card-played-again-is-it-enough-to-move-oil-prices-higher/

Merry Christmas to all of you. 12-26-19 : Long Feeders H/J/K butterfly @ -1.150 - F/H trending higher with index higher than F. - Low level. - Supposedly bullish fundamentals for beef with trade deal...

https://www.reuters.com/article/us-usa-trade-china-agriculture/china-can-fulfil-40-billion-u-s-farm-purchase-pledge-consultancy-idUSKBN1YO0WP

FWIW The reaction of KW/ZW to the trade deal news is perhaps a turning point on this trade. China vowed to buy wheat( allegedly ) and HRW is the export wheat in the US...I know, one more long KW / ZW trader trying to justify his position...LOL

https://www.reuters.com/article/us-usa-trade-china-sales-factbox/factbox-a-lot-of-soy-a-little-rice-chinas-historical-u-s-agricultural-purchases-idUSKBN1YH2HZ

Interesting piece on trading houses wheat hedging : https://www.spglobal.com/platts/en/market-insights/videos/market-movers-asia/121619-us-china-trade-deal

A good question I read online about the trade deal: "How does that work? The government of China doesn’t buy many agricultural products. Are they trying to predict what China’s free markets will buy? It is ironic to watch the USA pressure China to engage in central economic planning". Any...

12-13-19 : Long Hogs N/Q/V fly @ -12.35. - News of possible Chinese phase 1 deal waiting for Trump signature. Feb futures gaps up on open. - Low level historically. - Next summer we shoudl have worked through the huge inventories with current trend of exports.

https://www.artberman.com/2019/12/10/early-winter-kick-in-the-gut-for-natural-gas-prices/

12-11-19 : Short NG K/N @ -0.105. - The widowmaker is really low for this time of the year, dragging the spring spreads to teh downside. - Storage levels back to 5 year average( were much lower a year ago ). - Huge production growth from shale plays last year and Appalachian producers have...

Closed the rest @-13. Still a profitable trade but what a bummer...