This week my strategies were not that clear, so it resulted in the loss of 4,000. Finally, my net balance is 20,900, losing almost 5,000.

First bid on 15^th November, Tuesday

Two short contracts for corn at 647 and two long for wheat at 629.6

For corn

From the view of RSI, the fast moving average is below slow moving average, which means the corn market is bearish. In addition, the fast MACD just crossed the slow MACD, which is a strong signal of the bearish corn market.

For wheat

European Union wheat stocks are to remain “tight” despite a better harvest and it would increase imports from the Black Sea, as rising use by livestock farms and ethanol plants mops up much of the extra supplies.

Second bid on 16^th November, Wednesday

One short contract for corn(failed) and three long contracts for wheat

For Corn

Due to weakening of the US dollar, we can expect that demand for US exports will rise, but this effect will be offset by the larger worldwide supply of corn and feed competition; therefore, the corn price would be still a downward trend.

For wheat

Consumers on Taiwan, like others around the world, are becoming more health-conscious and aware of the nutritional value of whole- and multi-grain products. As U.S. Wheat Associates (USW) recognized this as an opportunity to increase markets for U.S. wheat, the organizations have partnered with the Taipei office of USDA’s Foreign Agricultural Service to promote healthy baked goods in Taiwan. Therefore, huge hunger for US wheat would make the wheat price positively.

Third bid on 17^th November, Thursday

Take two long contracts for corn and five short contracts for wheat

The reason was just offsetting all of my contracts. For corn, the main reason is tight stocks and strong demand of US corn. The U.S. will need every bushel of corn produced this year to meet the need for food and fuel and to rebuild supplies to a more comfortable level.

In the end, I can’t believe that the trading game would be over this week. Even though it took more than 10 weeks, I still felt time was going so fast. Based on this game, I Learnt how the futures market work and experienced a wonderful course on trading as well. Thanks Prof. Jim for giving us the opportunity to learn about the futures market, as well as Andrew and Javier.