Little bullish future prices are forecasted in all 3 grains: Corn, wheat and soybean. As soybean has been decreasing for several weeks and dropped sharply on Friday, I predict that there will be a bound effect. I also believe that strong global import demands will raise the soybean price. US is the only one large global exporter of soybean until South America will harvest it early next year. China, a big importer, will increase their import as its urban population is getting bigger and pork consumption becomes higher. Soybean consumptions also increase as well as corn because these grains are feedlots. Wheat’s substitution relationship with corn will push the wheat future price. However, these bullish market forecast will be dampen due to high estimation of soybean and wheat and better weather conditions in other soybean exporting countries such as Brazil and Argentina. Therefore, I forecast that corn, soybean and wheat future will increase the following week, but increases will be small.

http://www.kpcnews.com/index.php?option=com_content&view=article&id=48080:Soybean-futures-trading-lower&catid=179:latest&Itemid=43

http://www.brecorder.com/agriculture-a-allied/183/1257333/

http://farmfutures.com/blogs.aspx?fcb=20&fcbp=3818&fcbpc=0&s=10/10/2012&e=12/10/2012