I’m relatively certain that all readers of this publication are too young to remember Roy Longstreet who owned a company in Saint Louis called Clayton Commodity Services. In 1967 he wrote a book titled “Viewpoints of a Commodity Trader” that contains philosophical statements relative to trading and life in general. One of his that I tend to agree with in trading commodities, “There is a time to plan, a time to do, a time to stop, a time to rest.”  

The resting comes hard for most of us. Difficult to do when you’re involved in the day-to-day battle of commodity markets. But there comes a time that is necessary to walk away from a market just to get a clear head. The grain and livestock markets have made incredible price moves over the last...