What Went Wrong
This week I went a short contract of soybean. The equability is $38983.90. I suffer a loss of $-1462.50.I am familiar with the trend of corn, and the violability of corn is not as much as soybean. So I always tried corn contract. This week I want to try soybean. Because they are substitution of consumption and supply, and the causes of price fluctuation are often the same, so, it is easy to predict the trend of soybean.
But this week, the corn is always downwards because of the decreasing demand of exports. But the export demand of soybean is increasing. I ignore the analysis of different export demand quantities, so I supposed they are in the totally same trend.
I wanted to offset the short contract of soybean, but it increases in the continuing three days .The demand of continuing increase shows the strong increase trend of cash market instead of temporary information shock. I predict this continue trend may not disappear recently.
I encounter two days of margin call. I lost as much as nearly $2000 on Thursday. But the loss return better on Friday. Soybean contract of SX2 increases by 17-1/4 cents at $ 15.70-1 / 2 per bushel. The settlement price is higher than the 100-day moving average price, which is the first time in recent two weeks. U.S. Department of Agriculture confirmed that the export is 105,000 tons of. soybeans. Analysts expect the U.S. Department of Agriculture of export sales ofU.S.soybeans last week is about 65-85 million tones.