Medium term
Trade view / 07 June 2016 at 23:43 GMT

UPDATE: Sugar profits; set protections for cotton, corn and wheat

Managing Partner / Spotlight Group
United Kingdom
Instrument: ZWN6
Price target:
Market price:
The prices are shown, as at 2052 BST (1952 GMT) on Tuesday, June 7, 2016.

Two sugar trades

There are two separate sugar trades in play:

  • Long on March 23 at 16.54 US cents/lb (see Sweet sugar could extend its rally). The current price is 19.00 US cents/lb and all targets have been met, so we book profits of +14.87%, which is 92.95% annualised.

  • Long on April 27 at 16.09 US cents/lb (see Supply fears helping sugar). As noted, the current price is 19.00 US cents/lb and all targets have been met so we can book profits of +16.09%, or 339.27% annualised.

Cotton trade view

We now turn to the cotton Long on May 27 at 64.50 US cents/lb (see A glimmer of optimism for cotton).

The current price is 65.85 US cents/lb. The first target has been met, so we now need to set protection at 65.00 cents/lb.

Corn targets met

Turning once again to edible commodities: see our Corn long, June 2 at 413.50 US cents/bushel (the original trade view can be viewed here: Traders get ready for 'king corn)

The current price is 427.65 US cents/bushel. The first two targets have been met. I will move the protection to 425.00 US cents/bushel.

Targets achieved for wheat

Still on grains, let's turn to our recently published wheat trade view: wheat long on June 2 at 485.50 US cents/bushel (see Wet weather is working wonders for the wheat price outlook).

The current wheat price is 509.05 US cents/bushel and first three targets have been achieved. I will set protection at the third target level, at 508.73 US cents/bushel.

Analysis of this year's trades

Overall I have opened and closed 44 trades this year. Of these, 34 are profitable and 10 booked losses. So the ratio of profitable to loss-making trades equals 3.4 times.

When trades still open are included, I see the profitable trades rise to 39 and losing positions are 11, so the ratio then becomes 3.55 times.

Gains are 2.85% or 14, 689.98% annualised. I know we cannot eat annualised returns. So it is listed just for reference.

— Edited by Robert Ryan

Non-independent investment research disclaimer applies. Read more
SierraPt. SierraPt.
Steve, many thanks! You're great, as always )
Apart from the abovementioned, do you still hold any other positions (Soybeans?)
Stephen Pope Stephen Pope
I am not in Soybeans now...but I can write a trade paper for publication.


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