As a newcomer for the future market, this simulation trading game is a unique instructing method to gain the knowledge of future trading, as well as the trend of future price regarding corn and soybean.

While I have never touched future market before, I had the confidence in making a  positive profit by the fundamental rule: Buy low, sell high. Hence, I made several research on the analysis about the soybean’s and corn’s price,which are made by the reliable financial website.

Here is the chart showing the changing of soybean’s price:

(Derived from Yahoo! Finance, http://finance.yahoo.com/echarts?s=SX13.CBT+Interactive#symbol=sx13.cbt;range=5d;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;)

As the graph showing, on Sep. 19, there was a dramatic decrease of future price from 1360 to 1330 approximately. Therefore, I expected the price to rebound in the following days. Basing on this exception, I chose to take a long position on the soybean future contract and reap the benefit of the rising price. Therefore, I chose to purchase one unit of soybean.

However, on Sep. 20, the price of soybean has no significant increase. I forecast  that there will be a remarkable jump in the future.

In terms of corn,  several articles, from CME Group, state corn market will recap in the foreseeing future.(CME Group http://www.cmegroup.com/education/market-commentary/ag/2013/09/recap-corn_14093.html). Therefore, in order to reap the benefit due to the rising price, I took the long position in corn future contract. Although I suffered a little loss in this week, I still have the confidence in the long-term return.

Hope the future price of corn and soybean will change as expected.

Good luck and look forward to my portfolio performance in next week