Week 2: 3. Cool Resource

1. http://www.brecorder.com/markets/commodities/america.html?start=7

I’m really interested in wheat price. That’s why I’ll recommend this website. With updated wheat news, it can help us analyze the trend of wheat price. What’s more, it will summarize the important news that influenced wheat price of the whole week. With the summary, we can learn to analyze the factor ourselves.

2. http://www.usda.gov/wps/portal/usda/usdahome

As we know, the price of corn and wheat were basically declining last week. However, on Friday, the price of corn and wheat increased sharply. What happened? Well, the report of USDA was released. The report pointed out that the stockpiles of corn and wheat is lower than expected. That’s why I believe USDA is really important for future price.

3. http://www.brecorder.com/markets/commodities/europe/82394-indias-pec-issues-new-tenders-to-sell-225000-t-wheat-.html

Knowing what happened in the whole world is really important. We should not only focus on North America, Europe and Asia is really important too. Policy of the government and big companies can always affect the future price.

4. http://www.agweb.com/article/wheat_crop_insurance_in_2013/

Wheat crop insurance in 2013 is released recently. There are some changes in the insurance. That will definitely affect the decision of farmers. How can this changes affect the farmers’ decisions? Will there be more wheat produced? Reading this article can help us predict what will happen in the wheat market.

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