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Commodity Trading

Week 7: Cool Sources of Information

This week, I relied on past sources for technical trading information, namely the Wall Street Journal, Barchart.com and Tradingcharts.com. Andrew had also mentioned Trading Charts in his presentation so I was assured that a combination of these could be relied upon for technical analysis. As before, the market data centre in the wall street journal allowed me to see soybean price changes in context of other commodity price trends such as corn and wheat, as well as other important commodities like crude oil; it allows you to see price trends of both on the same chart.

After my trade, when I tried to reflect on the theory of the ups and downs in prices this week, I looked up one new source called Farms.com (http://www.farms.com/), Yield Data Centre. As the name suggests, it basically provides information on commodity yields throughout the world. It is informative because it informs the reader about yields and harvests in all the major countries, as opposed to just the U.S. It also places these figures in context of world news stories, like the lowering dollar due to easing concerns of the fiscal cliff which has been an important factor with traders this week.  I found their section on Government and Policy interesting, because the stories it carried gave me some new insight into farm policies in the U.S. that have an impact on prices.

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