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My May-14 (And A Bit Further) Strategy (Add-On)

Soybeans and Soy Oil - after last WASDE report I added bullish position to my short position and effectively changed it into range bet for coming 2 months. However, I am suggesting to short current rally cause it has no firm ground. My guess that between now and end of July prices will be within USD13-15. I also suggest shorting Soy Oil for the whole summer. Seasonally trend is bearish plus there are plentiful stocks of palm oil, a major rival for this commodity.

Natural Gas - after last two bearish injections I increased my short positioning on Nat Gas. There is however still a possibility of price hike between now and mid of June from purely historical perspective but with every big injection chances become slimmer.

RBOB Gasoline - I closed my shorts a few days ago just before prices shoot up. In my opinion this is a false start and I am waiting for prices to pull back to initiate long position. I expect pullback between now and end of June into 2.8+ area.