As the cool resource and four references discuss, I would think that in next week the price of corn would tend to be eventually downwards, wheat would rise up and soybean would go down.
The big jump up happened last week resulted in big gains of long position holding traders. This week some of them would choose to quit out and then price would be driven down. That will be the soybean case. What’s more, the released report of broaden plant in U.S. would form a prediction of surplus in next year and then the price of soybean would be driven down.
The corn price would be fluctuated. The corn case should be the same as the soybean case. However, the supply of corn is not enough because of big drought, and the demand of corn shows a weaken trend but still strong, that will make the corn price up and down at a period.
The wheat case also shows similar aspects with soybean case. But it should be noted that the ninth exporter – Ukraine shows a downward supply trend, which means that the supply in the world market would be lower. Then the price of wheat would go up in some periods. However, since it went up so much in previous week, this week the price would show down but the whole trends is upward trend.
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