This week my equity increased from $39071.77 to $39584.47. The key point is the golden principle—“Buy Low Sell High”.

The form below shows the movement of my trading account during this week.

1. Why go long soybeans on Nov.16^th

The USDA’s November forecasts of the size of the 2012 U.S. corn and soybean crops were larger than expected, particularly for soybeans. As a result, the general downtrend in soybean prices since mid-September has accelerated, with January futures now at the lowest level since June 29.

Because of this news, last two weeks the price of  soybeans has experienced a big drop. So I thought   the speculator way to picking the bottom of falling markets.

2.  Why go long wheat on Nov.16^th

On Nov 15^th , there is a news that U.S. wheat feed and residual usage will reach 315 million bushels this year, far surpassing the 150 million-bushel average for the last 10 years. That means wheat for Livestock Feed Estimated to Rise Sharply. ( According to World Agricultural Supply and Demand Estimates (WASDE) referenced by Lisa Elliott, a commodity marketing specialist and assistant professor at South Dakota State University. )

So I went long on wheat expecting to pick the bottom of falling wheat markets too.