Stopped out of cocoa short

during the session.

Corn

Bought a small (20%) corn position.

Long sugar

Why?
- Brazil ethanol/gasoline differentials will lead to major reallocation of cane.
- COT is bazooka spec short.
- Sugar is cheap on my long term valuation graph.

Went short cocoa today

The last part of the rally seems to be specs reversing a short position.