US wheat falls, posts biggest weekly losses in 3 months. This is an article about wheat. This article explains the reason why the US wheat futures fell on Friday. After carefully reading the article, we can figure out the exactly reason of the falling price and after find out if the problems are solved, we can make our own decision of the future price of wheat.
2. http://www.agweb.com/article/high_prices_offset_some_crop_yield_loss/
A report by University of Missouri agricultural economists show despite a drought, net farm income is still strong. This is nothing to do with the trading game. However, I think it’s a very good resource for us, especially for students who study food price and food marketing to know what happens in the real world and what is the situation of the farmers.
3. http://www.agweb.com/article/pressure_on_usda_to_increase_yields/
The report of USDA is going to be released soon. Due to some timely rains in September that rescued the crop from the drought and extreme heat it suffered through during the summer, the analysts believed that the US soybean crop is bigger than previously forecast. This is a very important signal that the price of soybean may reduce next week. I’ll go short on Monday and go long on Friday.
Excellent! Peter, I like this posting! Clear description. Well done!
Thanks Yijeong! I’m really glad that you like it!