Honestly speaking, my forecast this week is similar with last week.

The corn price would still show a downward trend, because of the same reason. But the soybean price may go up. Last week I realized the influence from larger plan of soybean in the coming year but ignore the demand side. This week I search for more information. The plan of soybean would be larger next year, but the demand – especially the importers, also increase. Thus the demand still tight in this non-harvest season.

The wheat price may trend down. But I’m not sure about that. The reference I search and news shows that the price of wheat would fluatuate. So the better strategy I think is to hedge on the wheat market because the price would narrow.