Week2: The Cool Source

Reading articles have been a really good source for me to do trading game. I have found useful websites which provide articles about agricultural commodities.

1)      Business Recorder

http://www.brecorder.com/

This Business Recorder website is Pakistan’s premier Financial Daily. It provides all global business and economy news as well as information about exchange rates. Under the category of “Markets”, there is news about all different kinds of commodities including corn, wheat and soybean by countries. With this collective information, this website is useful to read global economic trend and to predict how national grain market will be affected by this trend.

2)      Reuters

http://www.reuters.com/

Reuters is another website that provides global business news.  Like Business Recorder site, we can learn what is happening right now in the word and anticipate how world grain market will be affected by the current economic trend. Then we can predict when and how the price of corn, wheat, and soybean will change.

3)      USDA

http://www.usda.gov/wps/portal/usda/usdahome

I already mentioned this website last week, but I really like to recommend you guys to use it frequently. On last Friday, there was a huge change in corn and wheat price as soon as after USDA released the report that the stockpiles of wheat and corn are lower than expected. This is why USDA report is really powerful.

3 thoughts on “Week2: The Cool Source

  1. Hello there! This is first time I read your blog:) I was having trouble to write this weeks “roads ahead” because I myself had I bad deal, so I thought” umm, why don’t I just start off by visiting Cindy’s blog and see where she dig information to make purchasing decisions! The first two sources you are using are what I never use before, and from your explanation, I can see how they helped you. In addition, I myself am using the third website browsing information. There’s really a lot of insights there, isn’t it? I am just wondering how you narrow down the large amount of articles to read, because you know, there’s indeed a lot of them.
    Again, glad to know your cool sources of info; they helped!

    • Hi, Amelia!
      Thanks for comment 🙂
      There were so many articles about trading, so I had bit difficult time to gather all information and to make prediction for the following week. Many things are going on right now in the world like exchange Rate, Eurozone Crisis, and stockpiles.. Too many things to concern for successful trading….. I hope my prediction will be rigth but if not then I can learn from mistake right?
      Thanks again, and see you tomorrow 🙂

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