Cool resource-about soybean-not so cool actually

http://www.cmegroup.com/education/market-commentary/ag/2012/10/mid-session-soybean_1207.html

 

Considering I would like to long or short soybean in the next week. My cool resource this week is connected with soybean. It seems an introduction of recap or report.

 

From this recap, it could be concluded that the soybeans volumn is not big. And the price of soybean stays stable for different closing date. If there is an increase, the amount of increasing is small. From this news, it is noted that the China’s purchase of US soybeans for 2012/13 season. It’s helpful to support the market, but also a signal of demand change in soybean market. It would help the market to be more persuasive for speculators.

 

But for a long time, the soybean price seems more stable than corn and wheat market. So it’s a good option to hedge risk in future market.

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