Another big disappointment came up this week. Soybean futures dropped sharply again. I expected some bound effects of huge decline in soybean future prices due to USDA crop report. Strong global import demand was also predicted to raise soybeans. Soybean consumption of China, which is a big importer, has been increasing as urban population and pork consumption are getting higher. US is the only one large global exporter of soybean until South America will harvest it early next year. That is why I had no doubt at all that soybean future would jump. With 2 long positions of soybean from the last week, I took two more. I planned to buy at low price and sell at high price. I also bought two corn long contracts. Little bullish sign was shown on soybean, but it was not enough to recover huge decline from the last week and it has tumbled again this week. When I went market in, soybean future was $1514, but now it is $1383.25; $6537.50 has been lost for one contract. One of them was liquidated and I also got losses from new contracts. Corn futures didn’t change much, but declined. I could not offset any positions this week due to significant losses.