Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

My May-14 (And A Bit Further) Strategy Review

OK, let's review the May.

Soybeans - I held my short stance during May and early June, added puts transforming bearish position into a strange and received double inflows. I closed position right before WASDE report to avoid any fluctuations.

Cotton - some time along May I reconsidered and opened short position which was the right move. Basically I recalled history when markets heat up in May - starting from May Cotton prices decrease. I was right.

Coffee - no unexpected events.

Cocoa - here I was wrong. Markets shoot up. Nevermind, this only deteriorated value on my put leg of the strangle and I booked profit buying back options at deep discount.

Heating Oil - I was right, prices declined.

Gasoline - I quit position for now, booked profit and sit on the sides.

Natural Gas - I was short but most of the market was long. However this strength ended and prices are heading south. I expect further weakness and increased my short position.

Soy Oil - I am shorting it and I have been right for now.