In the next week, I will choose to get November long position soybean contract. Even though soybean prices are too attractive, abundant rains and high prices are tempting Uruguayan farmers to plant a record soy area this season as the oilseed continues its march onto land previously used for grazing and other crops, in my opinion, planting will need more time to do. And now, in the market, the soybean price will be increase. The result is that more farmers will be attracted to plant soybean, the future price will be decrease in the end because of supply is bigger than demand.

In my trading process, I find that soybean is a very risky product. Because if predict success, I will make a lot of money, on the other hand, I will lose a lot of money. But I think it is a very exciting process, so I always pay more attention on soybean future market.