Maybe it was the Full Moon this past Saturday, or we're in a sideways channel, or maybe 572 on Feb 9th was a medium term high. Whatever the cause, we had a Bearish Left/Right Combo candlestick sell pattern formed by today's candle and the previous trading day, followed by a close significantly below the 8ema.
Maybe we bounce back up tomorrow but today the best thing to do is exit this trade. Today's trading was also weak in Soybeans and even weaker in Wheat.
So, we sold our YC May Corn contract for 538 3/8. We had purchased that for 549 1/2 on 2/16/21.
538 3/8 - 549 1/2 = -11.125 = -$111.25
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